Apple Blows Away Estimates, Sells 37M iPhones
Apple has done it again. Blowing past estimates for Q4 2011, the Cupertino-based company brought in $46.33B in revenue, with $13.06B in profit — the largest quarter in the history of the company. Apple sold 37.04 million iPhones, a 128 percent increase year-over-year, 15.43 million iPads, a 111 percent increase year-over-year, and 5.3 million macs, a 26 percent increase year-over-year. the iPod continued its downward slide, dropping 21 percent year-over-year to 15.4 million units sold.
Apple also announced that it has sold over 350M iOS devices to date (62M devices last quarter), including 55M iPads, and 100M apps through its Mac App store. Now with over 20M songs, the iTunes Store brought in $1.7B during the quarter, with over 120M downloads on Christmas day.
After being announced last week, Apple’s newest products, iBooks Author and iTunes U have been downloaded 600K and 3M times respectively. Apple now has $97.6B in cash, compared to $81B last quarter. Regarding their liquid assets, the company did say “we're not letting it burn a hole in our pockets.”
Apple’s retail stores brought in over 110M visitors, with over 22K per week. Each store brings in 17.1M in revenue.
Apple’s cloud service, iCloud now has 85M users. The iPad now has over 170K apps available in the App Store.
It’s safe to say that Apple is doing okay.