Apple Reports $36 Billion Expected Revenue in Q4 2012

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Apple Reports $36 Billion Expected Revenue in Q4 2012

Apple has made a huge progress in last few months with the launch of iPhone5, iPad Mini and some latest models of iPod. It is reflected in the strong financial performance of the firm as they disclosed the revenue figures for Q4 2012.

As per the reports, Apple has announced expected revenue of $36 billion for Q4 2012. Industry analysts stated that this is slightly lower than their expectation, but still looks promising with an impressive year on year growth in sales of iPhone and iPad. 

Tim Cook, Apple CEO announcing these quarterly revenue figures also expressed optimism that Apple will clock $51 billion next quarter. Apple sold 26.9 million iPhone units, which showed a 58% year on year growth compared to last year.

In addition to iPhone’s impressive sales, Apple has clocked sales of 14 million iPad units, 4.9 million Macs and 5.3 million iPod units. The other impressive figure has been the growth in International sales, which is now contributing 60% to the total sales. 

Tim Cook stated “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 also commented that their earning per share is increased from $8.67 to $11.75. The reports also indicate that Apple is expecting to generate $41 billion net income and $50 billion operating cash flow.

Read More About ipad | news | ipad mini | apple news

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