Apple on Tuesday announced its financial results for its third quarter of fiscal year 2012 – which corresponds to the second quarter of the year, ending on June 30 – and we’re looking at some record numbers for this period of the year, even some overall records (iPad sales).
The company has sold 26 million iPhones or 28% more than in Q3 FY2011 and 17 million iPads or 84% more than last year, and an all time record for quarterly iPad sales. Apple also sold 4 million Macs and 6.8 million iPods during the quarter – a 2% increase and 15% decrease, respectively, compared to last year.
These sales brought in $35 billion in revenue, out of which $8.8 billion represents net profit, or $9.32 per share. We’re looking at increases both in revenue and profits compared to Q3 FY2011 – $28.6 billion revenue and $7.3 billion profits or $7.79 per diluted share were recorded in the year-ago quarter. Total cash for the company currently sits at $117.2 billion
What we’re mainly interested here are iPhone and iPad sales, and while these numbers are both up when we’re looking at the year-ago quarter, compared with last quarter iPhone sales have dropped while iPad sales have risen.
In its Q2 FY2012 Apple sold 35.1 million iPhones and 11.8 million iPads, but the change in numbers for this quarter can be explained for both products. iPhone sales are slowing down as users are waiting for the next-gen iPhone to arrive, while iPad sales are increasing, as the tablet was just launched in March and therefore it’s in the prime period of its life cycle.
However, it’s not year clear whether we’re looking at a steep drop in iPhone sales or whether the record Christmas 2011 quarter saw a rather steep climb in iPhone sales caused by the October 2011 launch of the iPhone 4S. We wouldn’t be able to quantify the effect the launch of the Samsung Galaxy S3 during the quarter may have had on iPhone sales, but analysts did expect Apple to announce around 30 million iPhone sales for the quarter.
As for the iPad, the iOS tablet wasn’t really harmed by Android tablet sales since Apple is reporting an all-time high quarter for iPad sales – the Google Nexus 7 started selling in very late June, and hit stores only in mid-July, so we’ll only see in October whether it had any effect on iPad sales.
What’s clear though is that Apple missed some of Wall Street’s prediction, which expected the company to announce around 29 million iPhone sales, $37.1 billion revenue and $10.36 earnings per share. Wall Street also predicted 16.2 million iPad sales, 5.9 million iPod touch sales and 4.1 Mac sales.
Comparatively, Samsung is expected to have sold 50 million smartphones during the same period, almost twice the number of iPhone sales for the second quarter of the year, although of those, less than 10 million were Galaxy S3 units (July sales won’t count for the period), and probably a few million more Galaxy S2 and Galaxy Note units – these are the flagship Android devices of the South Korean giant.
As for tablets, Samsung may not have what to brag with for now, as the company is still having a hard time competing against the iPad, but also against affordable devices such as the Kindle Fire 2 and the Google Nexus 7 – again, the latter was only launched in mid-July, even though rumors about its existence were available throughout the year and could have convinced Android tablet fans to wait for the Nexus tablet instead of buying a Samsung device.
We’ll also remind you that we have recently shown you Google’s earnings report for the same quarter, and while the Search giant also reported record numbers for Q2 2012, we’re still to see the company make any money off of its own hardware, as most of its revenue is based on online ads.