Apple Q1 revenues hit $46.3bn - $41bn more than digital music generated in the whole of 2011
Wednesday, Jan 25th 2012 at 10:03AMTo put that in perspective, that's just under ten times the amount generated by the whole of digital recorded music in 2011 ($5.2bn) according to yesterday's IFPI estimates.
The results, for the three months to December 31, compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in Apple's Q1 2011.
Gross margin was 44.7 percent compared to 38.5% in the year-ago quarter. International sales accounted for 58% of the quarter's revenue.
...Login to access this article
To access this article you need to be a subscriber. If you are a subscriber login below.
Login NowSubscribe
If you have previously taken a trial you will need to subscribe to access this article.
Subscribe Now
