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Apple Profit Jumps To 94%, Sells 11.8M IPads

[Techtaffy Newsdesk]

Apple posted quarterly revenues of $39.2 billion and a quarterly net profit of $11.6 billion, or $12.30 per diluted share for its fiscal 2012 second quarter ended March 31, 2012. These results compare to revenue of $24.7 billion and net profit of $6 a billion, or $6.40 per diluted share, in the year-ago quarter. Apple’s fiscal second-quarter profit rose a whopping 94%.

Apple sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter. The company sold 11.8 million iPads during the quarter, a 151 percent unit increase over the year-ago quarter. 4 million Macs were sold during the quarter, a 7 percent unit increase over the year-ago quarter. IPod sales however declined. Apple sold 7.7 million iPods, a 15 percent unit decline over the same time period, last year.

International sales accounted for 64 percent of the quarter’s revenue.

Tim Cook (CEO, Apple): The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.

Apple expects revenues of about $34 billion and diluted earnings per share of about $8.68, looking ahead to the third fiscal quarter, said Peter Oppenheimer, Apple’s CFO.

At the time of writing, Apple shares rose 7.19% to $601 in after hours trading.

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