Apple records colossal quarter to end-March

Apple announced revenues for the three months to the end of March jumped to US$39.2 billion, compared to US$24.7 billion a year ago.

Net profits nearly doubled to US$11.6 billion, compared to US$6 billion last year.

Gross margin was 47.4 per cent compared to 41.4 per cent in the year-ago quarter. International sales accounted for 64 per cent of the quarter’s revenue.

The company sold 35.1 million iPhones in the quarter, representing 88 per cent unit growth over the year-ago quarter. Apple sold 11.8 million iPads during the quarter, a 151 per cent unit increase over the year-ago quarter. The company sold four million Macs during the quarter, a seven per cent unit increase over the year-ago quarter.

Apple sold 7.7 million iPods, a 15 per cent unit decline from the year-ago quarter.

"We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter," said Tim Cook, Apple’s CEO. "The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver."

"Our record March quarter results drove US$14 billion in cash flow from operations," said Peter Oppenheimer, Apple’s CFO. "Looking ahead to the third fiscal quarter, we expect revenue of about US$34 billion.