Apple posts $11.6b Profit for Q2 2012 - Sells 35 million iPhones

[Young]

Apple just announced its Q1 2012 results with $11.6 billion in profit from $39.2 billion revenue — a huge increase from the $5.99 billion profit and $24.67 billion revenue reported in Q1 2011. It didn't quite hit the same level as Apple's record-breaking previous quarter, but that had the added benefit of a gift-giving holiday season. As usual, this is a record quarter for the company. Cue the surprise.

35.1 million iPhones were sold in this quarter alone — an 88 percent increase over the 18.65 million sold in Q2 2011 and almost equal to the 37.04 million sold during just last quarter. Apple also sold 11.8 million iPads, which 151 percent more year-over-year but down 4 million from the 15.43 million sold during the holiday quarter. Macs stayed largely consistent, up 7 percent to 4 million (and only slightly off Q1's reported 5.3 million in sales). iPods once again were in decline, 15 percent to 7.7 million units sold.

Oh, and Apple's cash on balance sheet? $110 billion — $12.4 billion more than last quarter.

http://www.theverge.com/2012/4/24/29...les-iphone-mac

That's a hell of a lot of "iSheep"....right haters?

I only own one fucking share of Apple stock. Which was a gag gift from an ex girlfriend a few years ago. So I have no horse in this race. But it's fucking astonishing that they just keep printing money.

And the stock is only going to climb.... in 2012. All we've seen so far is the new iPad. Still on deck...

• New iPhone 5
• New Macbook Pro
• New iPod
• New iPod Nano
• New iMac's
• New Mac Pro's
• New Macbook Air
• Rumored Apple TV
• Rumored 8" iPad

[DWB]

That is nuts.

I don't understand this phenomenon. I especially don't understand those who MUST HAVE the latest model as soon as it comes out when what they have works just fine.

[DateDoc]

Apple stock up $43.53 (7.77%) in after hours trading!

[DBS.US]

Originally Posted by DWB

That is nuts.

I don't understand this phenomenon. I especially don't understand those who MUST HAVE the latest model as soon as it comes out when what they have works just fine.

I don't understand the phenomenon of sports fans.

[Paul]

Originally Posted by DWB

I don't understand this phenomenon. I especially don't understand those who MUST HAVE the latest model as soon as it comes out when what they have works just fine.

One of the major factors is their customer service, it's just fantastic!

Apple realised that if you treat your customers right not only will they pay a bit extra for your products but you'll gain a customer for life.

Plus their products hold their value so fans just upgrade and sell their current device(s)

[alias]

Everywhere I look someone is on an iPhone.

[garce]

Yes, I hate Apple. Yes, I pay for my daughter's iPhone.

Jeez, its my daughter! She had a Blackberry for years, but she wanted an iPhone. Its my daughter - c'mon! She gets what she wants.

I don't have to like it, though...

[96ukssob]

its crazy. their stock dropped over $60 a share in about a week time and tonight after market hours its back up 8% or $30! I'm willing to bet this will clear $700 by early summer.

my friend invested a ton into Apple, bought it around $200 a share and just laughs each day now... I split my portfolio between Google, Apple, Bank of America and Verizon. Apple by far is carrying me

[qwe]

Originally Posted by bossku69

its crazy. their stock dropped over $60 a share in about a week time and tonight after market hours its back up 8% or $30! I'm willing to bet this will clear $700 by early summer.

my friend invested a ton into Apple, bought it around $200 a share and just laughs each day now... I split my portfolio between Google, Apple, Bank of America and Verizon. Apple by far is carrying me

how much did he invest to just laugh? 10 shares don't count lol

[epitome]

In other words, Jobs held on to power too long and Cook should have taken over awhile ago.