Kal Korff

Apple Smashes Records with Historic Growth Last Quarter

by Kal K. Korff
Internationally Syndicated Copyright 2012 by Kal K. Korff - ALL RIGHTS RESERVED.

Apple, the worlds most valuable company by market capitalisaion, has opened up an even bigger lead against any potential rivals by announcing record results during their past quarter. Citing some $46.33 billion in sales, Apple now has over $100 billion in cash on hand, and no serious competitors yet on the horizon. Spearheading Apples record setting growth was the sale of 37.04 million iPhones, beating Samsung by several million units. Apples iPhone 4S, iPhone 4 and iPhone 3GS are now the worlds top three most popular smartphones. Apples growth was not just in the iPhone space. The company also announced to have sold a record number of iPads, shipping some 15.3 million units for 111 per cent year over growth. iPhone shipments increased by 128 per cent. The company has now paid some four billion dollars in royalties to software developers, makers of their wildly popular applications which users have downloaded billions of times. Apples App Store accounts for some 80 per cent of all online revenue for downloading smartphone programs. Sales of iPods remained robust for the company, though down from the previous year, topping out at just 15.4 million units, with the iOS based iPod Touch leading the way. Apples iOS powers the iPhone, iPad, and iPod Touch. An App purchased for the iPhone works fine on these other two iOS devices. Before announcing their record sales, the Cupertino based firm had shipped some 250 million iOS products, their total now stands at nearly 310 million units and growing. The company also sold some 5.2 million Macintosh based personal computers, showing 26 per cent growth over a year ago. Apples announced earnings made a mockery of

Wall Street expectations, easily beating them. Industry analysts had previously predicted the company would show $38.76 billion in sales, with some $10 billion in profits. Instead, Apple announced record revenues of $46.33 billion and over $13 billion in profits. Apple stock shot up over $40 a share as a result of their blow out earnings, reaching an all time high of $460 a share before settling back down. We are thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs, said Tim Cook, Apples CEO. Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50. Tim Cook was appointed as Apples new CEO after its legendary co-founder Steve Jobs stepped down due to health reasons. Jobs soon passed away after relinquishing control the day after their new iPhone 4S was released, setting record sales for the debut of any smartphone. 1.0v1 January 27, 2012 Kal K. Korff is an officially accredited internationally known author, columnist and investigative journalist.

Copyright 2012 by Kal K. Korff - ALL RIGHTS RESERVED. No part of this content may be reproduced in any form nor by any means without the express, written consent of Kal Korff. Fair use, does NOT apply. By reading this document, you willingly agree to be legally bound by its terms and conditions. Violators of this policy will have a felony DMCA Copyright infringement notice filed against them with law enforcement. First time offenders may be fined up to $500,000, imprisoned for five years, or both. For repeat offenders, the maximum penalty increases to a fine of $1,000,000, imprisonment for up to ten years, or both. This is a DMCA protected document, illegal copying and/or reproduction of its contents are tracked on the Internet and reported to law enforcement for felony prosecution.

Copyright 2012 by Kal K. Korff - ALL RIGHTS RESERVED. No part of this content may be reproduced in any form nor by any means without the express, written consent of Kal Korff. Fair use, does NOT apply. By reading this document, you willingly agree to be legally bound by its terms and conditions. Violators of this policy will have a felony DMCA Copyright infringement notice filed against them with law enforcement. First time offenders may be fined up to $500,000, imprisoned for five years, or both. For repeat offenders, the maximum penalty increases to a fine of $1,000,000, imprisonment for up to ten years, or both. This is a DMCA protected document, illegal copying and/or reproduction of its contents are tracked on the Internet and reported to law enforcement for felony prosecution.