Apple Q2 profit smashes through $11bn

Vendor hails record quarter with chief Cook admitting iPad 3 got off to a great start

Apple’s quest for world domination is on track after the vendor posted a whopping $11.6bn (£7.2bn) profit for its second-quarter financials.

The iPad and iPhone maker’s Q2 2012 revenue hit $39.2bn, with international sales accounting for 64 per cent of the quarter’s revenue.

This is compared with $24.7bn turnover and $6bn net profit in the same quarter a year ago. Apple revealed it sold 35.1 million iPhones in the quarter – representing an 88 per cent unit growth over the same quarter last year.

The vendor also flogged 11.8 million iPads – up 151 per cent over the previous year-ago quarter. It also sold four million Macs, up seven per cent on the previous year. Perhaps unsurprisingly, iPod sales dropped 15 per cent from the year-ago quarter, but 7.7 million were still sold during the quarter.

Tim Cook, chief executive of Apple, said: “We are thrilled with sales of more than 35 million iPhones and almost 12 million iPads in the March quarter. The new iPad is off to a great start, and across the year you are going to see a lot more of the kind of innovation that only Apple can deliver.”

Peter Oppenheimer, Apple’s CFO, said: “Our record March quarter results drove $14bn in cashflow from operations. Looking ahead to the third fiscal quarter, we expect revenue of about $34bn and diluted earnings per share of about $8.68bn.”