Apple Stock Soars on Company Second Quarter Results – $11.6 Billion in Profit

On Tuesday shares of Apple, symbol aapl, soared after the company announced their financial results for its fiscal 2012 second quarter which ended March 31, 2012. According to Apple, quarterly revenue was $39.2 billion with a quarterly net profit of $11.6 billion, or $12.30 per diluted share.

The quarterly results for Apple were nearly double the results for revenue and profit for the same time last year. Strong sales, including international sales which made up 64 percent of the quarter’s revenue, were based on sales of 35.1 million iPhones (up 88 percent), 11.8 million iPads (up 151 percent), 4 million Macs (up 7 percent) and 7.7 million iPods. Only the iPods saw a decline in sales at 15 percent down.

“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.”

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

According to a release, internet users can catch a replay of the Apple Q2 2012 financial results conference online at http://www.apple.com/quicktime/qtv/earningsq212. The replay should be available for the next 2 weeks.