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You are here: MacNN Forums > Community > MacNN Lounge > Apple Q1 2012 results: $13bn profit, $97.6bn in the bank

Apple Q1 2012 results: $13bn profit, $97.6bn in the bank
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imitchellg5
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Jan 24, 2012, 05:28 PM
 
Apple's Q1 2012 results have just come in, and they're impressive to say the least, ahead of even the most liberal analysts. Here's some interesting bits:

-The iPad outsold the iPod for the first time (15.43m units vs 15.4m)
-iPhone sales increased 128%.
-Mac sales are still growing steadily, up by 26%.
-Apple has $97.6bn in cash, but "we're not letting it burn a hole in our pockets."
-Due to Thailand flooding, Apple is expecting increases in hard drive prices by March, but increased prices didn't affect last quarter.
-Apple made as much in Q1 2012 as it made in Q1 and Q2 2011 combined.

The conference call is still going on, so some interesting tidbits will be popping up I'm sure.
     
Patrick
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Jan 24, 2012, 05:46 PM
 
Beat me by 1 minute. Great minds think alike?
     
lpkmckenna
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Jan 24, 2012, 06:19 PM
 
I read somewhere that PC market grew 0%, but the Mac grew 26%.

Also, all that money from the iTunes store, including the 30% cut from all App Store sales, only adds up to 4% of total earnings.
     
Spheric Harlot
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Jan 24, 2012, 06:43 PM
 
Originally Posted by lpkmckenna View Post
I read somewhere that PC market grew 0%, but the Mac grew 26%.

Also, all that money from the iTunes store, including the 30% cut from all App Store sales, only adds up to 4% of total earnings.
According to Jean-Louis Gassee, it's less than 2% of revenue, and much less than 2% of total profits:

Why Apple Should Follow Michelin | Monday Note
     
imitchellg5  (op)
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Jan 24, 2012, 11:57 PM
 
Originally Posted by lpkmckenna View Post
I read somewhere that PC market grew 0%, but the Mac grew 26%.

Also, all that money from the iTunes store, including the 30% cut from all App Store sales, only adds up to 4% of total earnings.
I've heard similar things for the past few quarters; that basically the Windows-based PC market hasn't grown, but the OS X market continues to grow. In my opinion though, the best sign of strength in OS X at the moment is that 50% of Mac buyers are new to the platform. That's been happening for a couple of years now, and it's great news.
     
mduell
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Jan 25, 2012, 05:53 AM
 
Two thirds of the cash is being held outside the US to avoid repatriation costs.
     
Big Mac
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Jan 25, 2012, 07:11 AM
 
Congratulations to Apple on the quarter. Congratulations to AAPL longs.

It's neat that JLG still cares about Apple enough to write current articles about the company.

"The natural progress of things is for liberty to yield and government to gain ground." TJ
     
Salty
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Jan 25, 2012, 10:51 PM
 
Makes you wonder why Apple doesn't look at taking only 10% of App Store revenue. One would think that an extra 3rd of their revenue would prompt paid developers to push out more exclusive content for Apple's platforms. It would also leave Google in the lurch.
     
The Godfather
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Jan 26, 2012, 12:07 AM
 
Originally Posted by mduell View Post
Two thirds of the cash is being held outside the US to avoid repatriation costs.
It will get taxed in any country it chooses to cash in at. Nobody counts on having their income unaffected by taxes.

Reinvesting and creating jobs are the only way to go. Why are shareholders so fixed in getting a dividend?
     
Spheric Harlot
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Jan 26, 2012, 03:25 AM
 
Originally Posted by Salty View Post
Makes you wonder why Apple doesn't look at taking only 10% of App Store revenue. One would think that an extra 3rd of their revenue would prompt paid developers to push out more exclusive content for Apple's platforms. It would also leave Google in the lurch.
Why change what's working splendidly?
     
Big Mac
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Jan 26, 2012, 04:16 AM
 
To make it work even more splendidly. Developers would get a financial boost and another incentive to develop first and primarily for iOS, if Apple were to decrease its fees; the company can certainly afford to do so.

"The natural progress of things is for liberty to yield and government to gain ground." TJ
     
Salty
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Jan 26, 2012, 04:57 AM
 
To ensure that quality content is first and foremost available on iOS. Android is currently being bought bought by the cheap, the geeky and the stupid, ensure that continues.
     
OreoCookie
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Jan 26, 2012, 04:58 AM
 
Originally Posted by lpkmckenna View Post
I read somewhere that PC market grew 0%, but the Mac grew 26%.
No, the PC market actually shrank by 5.9 %. If you exclude Apple which is growing against the global trend, it shrank by 8.5 %. Yikes! Those numbers obviously exclude the iPad!
I don't suffer from insanity, I enjoy every minute of it.
     
Waragainstsleep
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Jan 27, 2012, 05:02 AM
 
I have plenty of more important things to do, if only I could bring myself to do them....
     
beb
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Jan 31, 2012, 04:51 PM
 
The Almighty will probably be sending the email about now.

Date: Today
To: Tim Cook, Apple, et.al
From: God
About: Money.

You have more money than I do.

Cheers!
G.
     
   
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