twice connect

Apple Reports 94% Profit Gain In Its Q2

4/24/2012 04:44:22 PM Eastern

Cupertino, Calif. -Apple
reported a 94 percent gain year over year for its fiscal second quarter, ended
March 31.

Apple posted
quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion.
These results compare with revenue of $24.7 billion and net profit of $6.0 billion
in the year-ago quarter.

Gross margin was
47.4 percent, compared with 41.4 percent in the year-ago quarter. International
sales accounted for 64 percent of the quarter's revenue.

Apple sold 35.1
million iPhones in the quarter, representing 88 percent unit growth over the
year-ago quarter, and sold 11.8 million iPads during the quarter, a 151 percent
unit increase over the year-ago quarter.

Apple sold 4
million Macs during the quarter, a 7 percent unit increase over the year-ago
quarter. It sold 7.7 million iPods, a 15 percent unit decline from the year-ago

"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, in a prepared statement. "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."

Peter Oppenheimer,
chief financial officer, said, "Our record March quarter results drove $14
billion in cash flow from operations. Looking ahead to the third fiscal
quarter, we expect revenue of about $34 billion and diluted earnings per share
of about $8.68."

ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston

ADL Honors Morales, Bilas, Paull, Weedfald At Annual Dinner

New York — The Anti-Defamation League’s National