Apple is still red hot.
The company has announced its earnings for the fiscal quarter ending on March 31. (Apple records this as its second quarter of the year, while many companies refer to it as the first.)
According to a press release, Apple saw $39.2 billion in revenue and a net profit of $11.6 billion, or $12.30 per diluted share. One year ago, the company posted $24.7 billion in revenue and a net profit of $6.0 billion.
Customers bought 35.1 million iPhones this quarter (an 88 percent increase from the same quarter last year) and 11.8 million iPads (a 151 percent increase). Four million Mac units were sold and 7.7 million iPods.
The company now has over $110 billion in cash and reserves, reports TechCrunch.
“Our record March quarter results drove $14 billion in cash flow from operations,” said Peter Oppenheimer, Apple’s CFO, per the release. “Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68.”
Analysts had predicted that Apple would sell 30 million iPhones, 12 million iPads and between 4.1 million and 4.4 million Macs during the quarter.
Last quarter's results, which included earnings and sales from the holiday shopping season, were slightly stronger, with Apple reporting $46.33 billion in revenue and a net profit of $13.06 billion ($13.87 per diluted share). Customers snapped up a total of 37.04 million iPhones, 15.43 million iPads, 5.2 million Macs and 15.4 million iPods in the previous quarter.