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Apple Q1 Results: $13.06B Profit; Sells 37.04M iPhones, 15.43M iPads

Apple announced financial results for its first quarter of the fiscal year 2012, ended December 31,2011. The company reported a record net profit of $13.06 billion, a major increase compared to last quarter’s profits of $6.62 billion, but a growth of 117.6% compared to profits of $6 billion, in the year-ago quarter. The company’s quarterly revenue rose to $46.33 billion in the quarter, an increase of 73.26% compared to $26.74 billion that it reported in the same quarter, last year. International sales accounted for 58 percent of the quarter’s revenue. The results include an additional 14th week that Apple added to the quarter - iPhones:  37.04 million sold during the quarter, up 128% year on year. Previous quarter, Apple had sold 17.07 million iPhones - iPads:  15.43 million  sold during the quarter, a 111% increase year on year. Last quarter, Apple had sold 11.12 million iPads. - iPods:  15.4 million sold during the quarter, down 21% year on year. 6.62 million iPods were sold in the last quarter. - Macs: 5.2 million sold during the quarter, a 26% unit increase over the year-ago quarter. This is an improvement over the previous quarter, when Apple had sold 4.89 million Macs. - Gross margin was 44.7 percent compared to 38.5 percent in the year-ago quarter. Notes from Apple’s Investor Conference Call: - Apple CEO Tim Cook revealed that the company's revenue in India, where the company has a small presence, has gone up three times. Responding to a question on whether the company was planning to enter Russia and India with…

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