Apple Q2 2012 Earnings Set Another Record with $39.2 Billion
The last earnings call Apple had was 3 months ago, and they had reported the highest quarter of earnings and revenue in history for Apple (AAPL). Today, Apple had their Q2 2012 earnings call with Investors, where Wall Street was anticipating an earnings miss due to the Apple iPhone market share falling 2 - 5% among the biggest mobile carriers in the U.S. from AT&T and Verizon.
Estimates from Wall Street were stating that they expected $10.06 earnings per share, and an overall revenue of $36.81 billion in sales for the quarter. Apple did not disappoint this quarter either. Despite AAPL stock tumbling steady over the last week of trading from an all-time high of $644 down to a closing of $560 Tuesday April 24th, they are currently rallying over $600 per share after the news of Apple's remarkable quarter results were announced. It's apparent you can thank the new iPad (iPad 3) for the boost in sales for this quarter, as it saw the launch in mid-March 2012, along with the huge iPhone sales.
Earnings are reported at $12.30 per share, with $39.2 billion in sales. Apple sold 35.1 million iPhones, 12 million iPads, and 4 million macs, giving it the largest Quarter earnings results in their history once again.Source - Business Wire