Apple Q2 net up 94 pc on iPhones, iPads

Apple Inc posted revenue of $39.2 billion and net profit of $11.6 billion for the second quarter ended March 31, 2012. These results compare to revenue of $24.7 billion and net profit of $6.0 billion in the year-ago quarter.

Gross margin was 47.4 per cent compared to 41.4 per cent in the year-ago quarter. International sales accounted for 64 per cent of the quarter's revenue.

Apple sold 35.1 million iPhones in the quarter, representing a jump of 88 per cent over the year-ago quarter, and 11.8 million iPads, a 151 per cent increase over the same period last year.

Net sales of iPhone and related products and services were $22.7 billion and $47.1 billion in the second quarter and first six months of 2012, respectively. Net sales of iPad and related products and services were $6.6 billion and $15.7 billion in the second quarter and first six months of 2012, respectively.

During the second quarter of 2012, net sales in the Americas increased $3.9 billion or 41 per cent compared to the second quarter of 2011, while net sales in Europe increased $2.8 billion or 46 per cent, net sales in Japan increased $1.3 billion or 91 per cent, and net sales in Asia-Pacific increased $5.4 billion or 114 per cent.
 
''We're thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,'' said Tim Cook, Apple's CEO. ''The new iPad is off to a great start, and across the year you're going to see a lot more of the kind of innovation that only Apple can deliver.''

Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad. Its new iPad, launched in March, features a Retina display, Apple's new A5X chip with quad-core graphics, a 5 megapixel iSight camera with advanced optics.