Apple has announced its financial results for the company's fiscal Q2, setting more records as its net profit grew by 94 percent compared to a year ago. Quarterly revenue reached $39.2 billion, up from $24.7 billion. Meanwhile, net profit in Q2 hit $11.6 billion, an increase from $6 billion in 2011.
Apple also sold an incredible 35.1 million iPhones in the quarter, representing 88 percent unit growth from Q2 2011. Wall Street had predicted approximately 30 million iPhones sold in its fiscal Q2. Apple also sold 11.8 million iPads during the quarter, a 151 percent unit increase from a year ago. The company sold 4 million Macs during the quarter, a 7 percent unit increase and 7.7 million iPods, a 15 percent decline Q2 2011.
"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."
"Our record March quarter results drove $14 billion in cash flow from operations," said CFO Peter Oppenheimer. "Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68."