Apple Inc. (AAPL) reported that its first-quarter net profit was $13.06 billion, or $13.87 per share, up from $6 billion or $6.43 per share, in the year-ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $10.08 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter rose to $46.33 billion from $26.74 billion in the year ago quarter. Forty six analysts had consensus revenue estimate of $38.85 billion for the quarter.
The company said that it sold 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple noted that it sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter.
Looking ahead to the second fiscal quarter of 2012, the company expects revenue of about $32.5 billion and earnings per share of about $8.50. Analysts expect the company to report earnings of $8.03 per share on revenues of $32.04 billion for the second-quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.