January 24, 2012

Insanely Great Quarter for Apple

Apple killed it again. Pascal-Emmanuel Gobry, writing for Silicon Alley Insider:

Apple’s earnings were a huge blowout. Here’s a rundown of the numbers from SAI’s Jay Yarow and Piper Jaffray’s Gene Munster:
  • Revenue: $46.33 Billion versus $38.76 billion expected
  • EPS: $13.87 versus $10.07 expected
  • iPhone units: 37.04 million versus 30.2 million expected (34 million whisper number)
  • iPad units: 15.4 million 13.2 million expected (13 million whisper number)
  • Mac units: 5.2 million versus 5 million expected (4.8 million whisper number)
  • iPod: 15.4 million versus 13.9 million expected, according to Bloomberg
  • Gross Margin: 44.7% versus 41.8% expected
  • March quarter revenue: $32.5 billion versus $31.9 billion expected
  • March quarter EPS: $8.50 versus $8.00 expected
  • Apple now has $97 billion in cash, short term, and long term securities
  • The iPhone’s average selling price is up to $660


  • Android/Kindle et al aren’t denting Apple’s growth, for a variety of reasons. And it will probably stay that way.
  • We’re in a post-PC era, and Apple embodies that.


The numbers are surprisingly huge, but the import isn’t: Apple is reaping the rewards of designing and building the most nearly perfect devices that meet a need most people didn’t realize they had.

Just consider that the switch to mobile computing is still in its infancy. The potential for further great devices, services, and profits is seemingly unlimited.