View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 26, 2012

Apple revenue up 27% on iPhone sales

iPhones sales increased 58% to 26.9 million units for the quarter

By CBR Staff Writer

Apple has reported a 27% rise in its revenue to $36bn for the fiscal fourth quarter of 2012, compared to $28.2bn for the same period last year.

For the fiscal fourth quarter of 2012, the company reported a net income of $8.22bn, or $8.67 per share, an increase of 24% from $6.62bn, or $7.05 per share, in the year-ago quarter.

Sales of iPads dipped during the quarter, totalling 14 million. Sales the previous quarter were 17 million. CEO Tim Cook said "intense" speculation about next-generation iPads and the launch of the iPad mini meant consumers held off buying an iPad.

iPhones sales increased 58% to 26.9 million units for the quarter, and the company sold 4.9 million Macintosh computers, including laptops and desktops. The company sold 5.3 million iPods during the quarter, down 19% from a year before.

The iPhone maker expects revenue of about $52bn and earnings of about $11.75 per share for the first quarter of 2013.

Apple CEO Tim Cook, commenting in the results, said: "We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline."

Apple CFO Peter Oppenheimer said the company was looking ahead to the first fiscal quarter of 2013, where it expects revenue of about $52bn and diluted earnings per share of about $11.75."

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Recently, Apple had revealed that its new iPad mini will be available in the company’s retail stores from 2 November this year.

According to a study carried out by Virgin Media Business, nearly 40% of UK CIOs believe Apple will have the upper hand over Samsung, with 10% saying they believe RIM will be the dominant market player in the next 5 years.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.