Apple Publishes Q2 2012 Financial Results: 26M iPhones and 17M iPads Sold
Despite the fact that the numbers are looking really good, Apple’s financial results for the second quarter of 2012 fall short of some expectations mainly because of speed bumps in the European economy as well as slightly worse iPhone sales. The fruit company managed to sell 26 million iPhones and 17 million iPads in Q2.
However, iPhone sales are lower than expected and, according to the company, rumors of the next iPhone are hurting smartphone sales. The same thing happened last year with the iPhone 4 where many future owners refrained from purchasing one on the eve of the iPhone 4S launch. Still, 26 million units (28% growth over Q1 2011) is a nice number even though it falls short of the 35.1 million units sold in the first quarter. The iPad is selling above expectations though with 17 million units and it recent entry on the Chinese market.
As far as financial numbers are concerned, reported quarterly revenue is $35.0 billion and quarterly net profit is $8.8 billion (compared to Q2 of 2011 with quarterly revenue of $28.6 billion and net profit of $7.3 billion). For more numbers make sure to head over to the source link where you can find the official Press Release as well as the Data Summary.