Apple posts $11.6B profit on $39.2B in revenue

Apple announced $11.6 billion in profits on $39.2 billion in revenue on Tuesday, compared to profit and revenue of $6.0 billion and $24.7 billion, respectively, for the same quarter a year ago. That figures to diluted earnings per share of $12.30.

Apple reports 35.1 million iPhones sold in the quarter, 88 percent growth compared to last year. 11.8 million iPads were sold, a 151 percent increase over the same quarter a year ago. Four million Macs were sold, a more mild 7 percent increase, and 7.7 million iPods were sold, continuing the regular decline we’ve seen of iPod unit sales, down 15 percent year-over-year.

Peter Oppenheimer, Apple’s CFO, said that Apple anticipates revenue of $34 billion and diluted earnings per share (EPS) of about $8.68.

Apple once again handily beat Wall Street analysts’ estimates, which pegged last quarter’s revenue and profits lower. Analysts seemed to have underestimated demand for iPhones, Macs and iPads, as well.

  • Calum

    How much of that is tax evaded in foreign states?

    • Honix

      Tax evasion is illegal. Tax avoidance is legal. Get it right, dipstick.

    • None of it.

    • His Shadow

      You mean foreign states where the relevant Apple division sold the Apple products to foreigners? You think the US government is owed taxes on devices made in China and sold in another country, having never entered the US at any point?

  • RecallElliottNow

    Seems to me that a US tax holiday to repatriate all of those off-shore profits could facilitate a significant stimulus.