Apple posts record Quarter 1 results across the range of products and it is once again it’s smartphone which drives more sales than any other product. iPhone now counts for more than half of company’s sales. Apple recorded revenues of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share.
iPhones ramped up to 37 million to create the biggest quarter ever. iPads crossed 15 million for the first time thanks to thinner lighter iPad 2, and Apple’s Mac line crossed 5 million units. Apple sold record MacBook Airs after company released an 11 inch and 13 inch Macbook Air lineup in 2011.
“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.”
