Apple has just announced the corporate financial results for its fiscal 2012 third quarter ended June 30, 2012. The quarterly revenue posted equals $35.0 billion and the company reported quarterly net profit of $8.8 billion. 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.
Apple has also reported that 26.0 million iPhones have been sold in the quarter, demonstrating 28 percent unit growth over the last year quarter. As for the other iDevices, 17.0 million iPads and 4.0 million Macs have been sold, representing an 84% unit growth for the tablet and a 10% unit decline for Mac from the year-ago quarter.
The CEO of Apple, Tim Cook has commented: “We’re thrilled with record sales of 17 million iPads in the June quarter. 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.”
According to Peter Oppenheimer, Apple’s CF, the company is continuing to invest in the growth of their business and is pleased to be declaring a dividend of $2.65 per share for the period. A cash dividend of $2.65 per share of the Company’s common stock has also been declared, that will be delivered to the stockholders of record on August 16, 2012. The projections are quite optimistic, with the revenue of about $34 billion and diluted earnings per share of about $7.65 expected for the fourth fiscal quarter.
However, sales of the iPhone have dropped from the 35.1m of the last quarter. As reported, this is due to the fact that consumers wait for the likely release of a new iPhone model this fall and refrain from buying the currently latest iPhone 4S. Here is the paraphrase of Tim Cook’s comment about the upcoming iPhone speculations, causing the decline in iPhone sales:
“We try very hard to keep our roadmaps secret and confidential, go to extreme actions to do that, however that doesn't stop people from speculating and wondering. We can never stop that. That's one of the great things about this country. So we won't spend any energy trying to stop that. I'm glad people want the next thing. I'm super happy about that.”
You can see the Q2 – Q3 comparison for the updated Mac and the new iPad in the table provided below.
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