Apple has proven that it continues to create products that has a massive following. In today's latest quarterly financial results for the quarter that ended on March 31, Apple said it sold a whopping 35.1 million iPhones, up 88 percent from the same period a year ago. The company also said it sold 11.8 million iPads in the first quarter, up 151 percent from the same period a year ago. The third generation iPad launched in March.
Overall, Apple said it brought in $39.2 billion in revenue in the first quarter of 2012, up from $24.7 billion from the same period a year ago. The company generated a net profit of $11.6 billion, nearly twice as much as the $6 billion in profit that it made a year ago.
Apple also announced that it sold 4 million Macs during the quarter, up seven percent from a year ago. As expected, sales of its iPod media players are on a slow decline. Apple said that they sold 7.7 million iPods during the first quarter of 2012, down 13 percent from the same period a year ago.
Apple currently expects to generate $34 billion in revenue in the current second quarter of 2012.
27 Comments
Load the comments and join the conversation!
Read the comments, ask the editors questions, show respect and join the conversation.