Apple just announced its Q1 2012 results, and the company booked a $13.06 billion profit on $46.33 billion in revenue, marking the biggest quarter in company history — well over 50 percent larger than its previous record in Q3 2011. Apple sold a remarkable 37.04 million iPhones, 15.43 million iPads and 5.3 million Macs during the quarter, which represent increases of 128 percent, 111 percent, and 26 percent from last year. That's two million more smartphones sold than Samsung shipped last quarter, which is astonishing.
iPod sales were down 21 percent to 15.4 million, continuing their slow decline: Apple says the iPod touch counted for over half of all iPods sold (over 10 million iPod touch units, if you do the math) and that the iPod is still the top MP3 player around the world despite the lower sales. You'll note iPad is now eclipsing iPod almost perfectly now. Apple also says it sold 1.4 million Apple TVs.
On the software front, iTunes was responsible for $1.2 billion in revenue this quarter, and there are now 20 million songs in the store, and Apple says $120 million worth of downloads were sold on December 25th last year. Apple says by the end of this month, iOS developers will have earned over $4 billion in total from their work. Also, the new iBooks Author generated 600,000 downloads since last week's release, and iCloud has 85 million users now.
Apple Stores saw 110 million visitors this quarter and generated average revenue of $17.1 million per store. The company now claims it has $97.6 billion in cash, and is "not letting it burn a hole in our pockets." CFO Peter Oppenheimer says Apple is having "active" discussions about spending it, though. Apparently, the hard drive shortages resulting from the Thailand flood disaster haven't materially affected the company yet, though Tim Cook admits he's paying more for drives, and there may be an impact next quarter.
International sales accounted for 58 percent of the quarter's results. It's an absolute monster of a quarter, even considering the holiday bump and an additional 14th week of sales — handily beating analyst estimates and offering a sharp rebuttal to earnings that missed estimates last quarter.