Apple Declares 94% Net Profit This Year

The year 2012 is really happening for Apple as the company made an announcement that the company has gained quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion or $12.30 per diluted share. Apple made this announcement while announcing the financial results for the fiscal year 2012 second quarter earnings. The company said that they have definitely made a better progress compared to last year where they only gained revenue of $24.7 billion and net profit of $6.0 billion or $6.40 per diluted share. The company also revealed that this year the gross margin was 47.4% compared to 41.4% which was in the year 2011. Apple announced that 64% of the revenue has come from international sales.

During the announcement, Apple revealed that this year they were able to sell 35.1 million iPhones in the quarter which is almost 88% better than the performance they had last year in the same quarter. They also managed to sell 4 million Macs which is 7% improvement and 7.7 million iPods which is 15% decline compared to last year’s performance.

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Jyotsna Ramani is a passionate writer and an avid globetrotter. She had a knack for writing since her early years, though that was mostly letters to her penpals and jotting her thoughts down in her "Dear Diary". Over the years, she realized how her hobby could turn into a full time career and she started writing web content, books and pieces for local magazines. There has been no looking back ever since.

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