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Apple by the Numbers

Posted By Barry Ritholtz On April 25, 2012 @ 7:15 am In Data Analysis,Earnings,Technology | Comments Disabled

Once again, its hard to put the Apple earnings [1] into context. There are 5 key areas to look at: iPhone, iPad, Mac, Retail Stores, and International growth.

The numbers are simply immense:

Earnings:

• Apple had net income of $11.6 billion on revenue of $39.19 billion. Earnings per share were $12.30 (versus Street analysts consensus of $10.06 per share, $9.52 billion in profits on revenue of $36.8 billion);
• Profits rose 94%; revenues gained 58.9%for Q1
• Apple’s cash = $110.2 billion at end of Q1 (up from $97.6 billion at year’s end)
• ~$74 billion of Aple’s cash is held offshore.
• Gross margin rose to 47.4% from 41.4% a year earlier.
• Apple has beaten Wall Street’s consensus estimates in 16 out of its last 17 quarters;
• Apple has 360 million cumulative iOS device sales.

iPhones:

• Apple sold 35.1 million iPhones — up from 18.65 million units a year ago.
• iPhones (+ ecosystem) are 57.9% of Apple’s sales, up from 52.7% prior Q.
• iPhones are now available in more than 100 countries and at 230 wireless carriers (versus 90 countries and 186 carriers a year ago).
• iPhone sales in Asia Pacific doubled.

iPad:

• iPad sales were 11.8 million units — up more than 150% from a year ago.
• Since its launch two years ago, Apple has sold 67 million iPads (Tim Cook: “It took us 24 years to sell that many Macs, and five years to sell that many iPods, and over three years for that many iPhones.”)
• iPad channel inventory was about 2 million at the end of the quarter, which is below the company’s target range of 4-6 weeks of iPad inventory.
• App Store has 600,000 apps, 200,000 of them specifically for iPad.

Everything else:

• China accounted for $7.9 billion of revenue — about 20% of Apple’s total; this is a 300% gain from year ago levels.
• Two years ago, Apple sales in China were 2% pf total.
• Apple sold 4 million Macs during Q, up 7% vs Q1 2011;
• iPod sales were 7.7 million units, down 15% vs Q1 2011;
• iTunes sales = $1.9 billion Q1 — an annual run rate of about $8 billion per year (up 35% year over year).
• Retail store revenues jumped 38% from 2011 Q1;
• 24th straight Q that the Mac has outgrown the broader PC market.
• Non Mac PC shipments in the United States totaled 15.5 million units in the first three months of 2012, representing a 3.5 percent decline from the same period last year

 

Previously:
Apple +iPad by the Numbers [2]  (March 7th, 2012)

Sources:
Apple 8K [1]
All Things D [3]
WSJ [4]
Bloomberg [5]
NYT [6]
All Things D (2) [7]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2012/04/apple-by-the-numbers/

URLs in this post:

[1] Apple earnings: http://files.shareholder.com/downloads/AAPL/1820831688x0xS1193125%2D12%2D178928/320193/filing.pdf

[2] Apple +iPad by the Numbers: http://www.ritholtz.com/blog/2012/03/apple-ipad-by-the-numbers/

[3] All Things D: http://allthingsd.com/20120424/and-the-beats-go-on-apple-crushes-estimates-again/

[4] WSJ: http://online.wsj.com/article/SB10001424052702303459004577364293267650950.html

[5] Bloomberg: http://www.bloomberg.com/news/print/2012-04-24/apple-profit-rises-94-on-growing-global-demand-for-iphones.html

[6] NYT: http://www.ritholtz.com/blog http://www.nytimes.com/2012/04/25/technology/apple-profits-up-as-iphone-sales-grow-88.html

[7] All Things D (2): http://allthingsd.com/20120424/apples-8-billion-media-business/

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