Apple had a record-breaking fiscal 2012 first quarter, the period spanning the last 14 weeks of 2011.
The company on Tuesday reported record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, which translates to $13.87 per diluted share.
Apple’s stock rose 8% in after-hours trading , which put its share price at $454. At that value, Apple’s market capitalization stands at $423 billion, more than previous market cap leader Exxon Mobil, worth $418 billion.
Tim Cook, Apple’s CEO, said in a statement he was thrilled, and promised more exciting products are coming.
EG’s Opinion:
Apple products seem to be a touchy subject on many forums not dedicated to them, and either people love them or hate them. But you have to agree they sure do know how to make money and stay popular at the same time. Apple has one heck of a marketing department and one dedicated fan base that has pushed them far beyond where I thought they would go.
But while on the topic of Apple and Apple products, I would like to revisit recent issues with statements made by one of the largest assemblers of Apple Products Foxconn. Apple should seriously be rethinking using Foxconn, because using them means supporting them financially to continue this kind of behavior. If you are unaware of Foxconn and there issues I ask you to do a bit of research and look into the last several years of there activity.
