Apple’s $46 billion sales set new tech record
NEW YORK (CNNMoney) — Ask Siri how Apple recorded the best quarter in history for a tech company, and her answer should be: “Me.”
Apple sold a stunning 37 million iPhones last quarter, twice what it sold in the same period a year ago. IPad sales doubled to a record 15.4 million. Apple moved 5.2 million Macs, the first time Apple sold more than 5 million of its PCs in a quarter. The company also sold 15.4 million iPods during the holiday quarter, which ended Dec. 31.
Apple’s stellar quarter generated sales of $46.3 billion, a tech industry record. That’s up 73% from a year ago, and it easily topped Wall Street analysts’ $38.9 billion median forecast, according to a Thomson Reuters poll.
Apple had $127.8 billion in sales during the 2011 calendar year, putting it neck-and-neck with Hewlett-Packard (HPQ, Fortune 500), the nation’s largest tech company. This year, Apple is on pace to become the biggest technology company in the world, measured by revenue, outpacing current global No. 1 Samsung.
The Cupertino, Calif.-based company said its fiscal first quarter profit rose to $13 billion, or $13.87 per share, more than double the profit Apple booked a year earlier.
It was one of the most profitable quarters ever for any U.S. company, trailing only ExxonMobil’s (XOM, Fortune 500) record-setting $14.8 billion quarter from the fall of 2008, when oil prices were at an all-time high.