Apple announces financial results for Q2 FY2012

AppleApple today announced its latest financial results. For its fiscal second quarter, it recorded quarterly revenues of US$39.2 billion and quarterly net profits of US$11.6 billion. This is a significant increase over the revenue of US$24.7 billion and net profit of US$6.0 billion it recorded in the year-ago quarter.

It sold 11.8 million iPads, a 151% increase over the same quarter a year ago.

Apple sold 35.1 million iPhones in the quarter, an 88% increase over the same quarter a year ago and nearly as many as last quarter. It also sold 11.8 million iPads, a 115% increase over the year-ago quarter. It also sold 4 million Macs and 7.7 million iPods.

“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.”

As for its cash on balance sheet, it now stands at US$110 billion.

With Apple expected to launch a new iPhone, an updated notebook lineup with Intel’s new Ivy Bridge chips, and perhaps even a new Apple TV, the future continues to look bright for Apple.

Read more: Apple