Apple Reports Third Quarter Results
17 Million iPads
Sold
Board Declares Quarterly Dividend of $2.65 per Common
Share
CUPERTINO, California—July 24, 2012—Apple® today announced financial
results for its fiscal 2012 third quarter ended June 30, 2012. The Company
posted quarterly revenue of $35.0 billion and quarterly net profit of
$8.8 billion, or $9.32 per diluted share. These results compare to
revenue of $28.6 billion and net profit of $7.3 billion, or $7.79
per diluted share, in the year-ago quarter. Gross margin was 42.8 percent
compared to 41.7 percent in the year-ago quarter. International sales accounted
for 62 percent of the quarter’s revenue.
The Company sold 26.0 million
iPhones in the quarter, representing 28 percent unit growth over the year-ago
quarter. Apple sold 17.0 million iPads during the quarter, an 84 percent unit
increase over the year-ago quarter. The Company sold 4.0 million Macs during the
quarter, a two percent unit increase over the year-ago quarter. Apple sold 6.8
million iPods, a 10 percent unit decline from the year-ago quarter.
Apple’s
Board of Directors has declared a cash dividend of $2.65 per share of the
Company’s common stock. The dividend is payable on August 16, 2012, to
stockholders of record as of the close of business on August 13,
2012.
“We’re thrilled with record sales of 17 million iPads in the June
quarter,” said Tim Cook, Apple’s CEO. “We’ve also just updated the entire
MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6
this Fall. We are also really looking forward to the amazing new products we’ve
got in the pipeline.”
“We’re continuing to invest in the growth of our
business and are pleased to be declaring a dividend of $2.65 per share
today,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal
quarter, we expect revenue of about $34 billion and diluted earnings per
share of about $7.65.”
Apple will provide live streaming of its Q3 2012
financial results conference call beginning at 2:00 p.m. PDT on July 24, 2012 at
www.apple.com/quicktime/qtv/earningsq312. This webcast will also be available
for replay for approximately two weeks thereafter.
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