Apple Financial ReportIn its last quarterly report, Apple predicted a $37 billion quarter  with diluted earnings per share (EPS) of about $9.30.  The final results show that Apple shot low … very low.

Apple posted record quarterly revenue of $46.33 billion for the first quarter of its 2012 fiscal year.  Beyond the gross, the net quarterly profit was $13.06 billion, or $13.87 per diluted share. This compares with revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter.  International sales accounted for 58 percent of this quarter's revenue compared to 63 percent in the previous quarter.

Each category of Apple products broke down for year over year as follows:

  • Macs – 5.2 million units, an increase of 26 percent from the same quarter last year
  • iPhones – 37.04 million units,  an increase of 128 from the same quarter last year
  • iPod – 15.4 million units, a decline of 21 percent from the same quarter last year
  • iPad – 15.43 million units, a 111 percent increase from the same quarter last year
  • Apple retail stores – $17.1 million average per store, compared to $12 million per store from the same quarter last year, a 43 percent increase from the same quarter last year

"We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," said Tim Cook, Apple's CEO. "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline."

"We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50."

The iPod division continues to be the weakest link in the company's product mix. Apple does not appear to be overly concerned by this trend, and selling 15.4 million in a quarter is definitely nothing to sneeze at.

Macs are still continuing to show growth that outpaces the rest of the PC market, and according to the earnings call, over half of the Macs sold in the retail stores went to first time Mac owners.

Overall the company still sees the iPad 2 as the leading tablet, based mostly on how it is being adopted into more and more unusual use cases from appearing in airplane cockpits to Lowes stores.

The retail stores saw record traffic in the quarter with 110 million total visitors compared with the 76 million the saw in the same stores opened at least a year. This represented a 45 percent increase in traffic and broke down to more than 22 thousand visitors to each store per week.

Apple stock fell $7, or 1.64 percent during normal trading hours today, but in after hours trading it is currently up $31.21, or 7.42 percent, to 451.62 per share.

How do you feel Apple did this quarter?