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Apple destroys analyst expectations: $39.2 Billion revenue, 35M iPhones, 12M iPads

Categories: Apple, iOS / iPhone OS
By: , IntoMobile
Tuesday, April 24th, 2012 at 2:04 PM
apple-money

What, Apple worry?

Earlier today, we reported that Apple’s stock price was dropping thanks to analysts claiming that Apple would miss iPhone sales expectations. Well, they were wrong. Dead Wrong. Apple sold over 35 million iPhones in fiscal Q2, up 88% from a year ago and easily beating expectations of about 32 million. Apple also sold just under 12 million iPads during the quarter, a 151% increase over this period last year.

Strong sales resulted in a phenomenal quarter for Apple, who brought in a whopping $39.2 billion in revenue, easily besting Wall Street expectations of $36.88 billion. Earnings per share (EPS) came in at $12.30 for fiscal Q2, again significantly outperforming expectations of $10.04 EPS.

Apple has another record quarter on its hands, paving the path for Apple to become the first trillion-dollar valued company ever. Apple’s after-hours stock trading price is up about $30 per share, flirting with $600 after dropping nearly $100 in the past few weeks. You can check out Apple’s full earnings report here.

[via Engadget, TUAW]

About The Author

Anthony Domanico

Anthony is a freelance tech journalist covering the mobile beat. He has used all operating systems in existence today, and currently rocks the iPhone 5, Nexus 7, and iPad mini.

  • http://twitter.com/Geek_News Geek_News

    Interesting how Apple “magically” sold more phones than predicted despite the fact that every other source said sales were weak and they were expecting Apple to not even reach expectations.

  • http://www.facebook.com/people/Troy-Taylor/100001907147171 Troy Taylor

    Google and Microsoft are Apple’s b_tches. Get down on your knees and blow Apple.