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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