Apple net profits for Q2 2012 at $11.6 billion; up 94% year-on-year

iPad sales up 151 percent from last year

Apple has released its Q2 earnings report for fiscal year 2012, showing quarterly net profits have nearly doubled from last year to reach $11.6 billion.

This is an increase of 94 percent from last year’s Q2 profit of $6 billion.

Revenues for Q2 increased from $24.7 to $39.2 billion year-on-year, and Apple predicts Q3 revenue to be about $34 billion this year.

These figures were driven by a massive surge in sales for iOS devices, with iPhone sales up by 88 percent to 35.1 million units, and iPad sales skyrocketing by 151 percent to 11.7 million.

“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Apple’s CEO, Tim Cook.

“The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”

Mac computers saw a moderate growth in sales of seven percent.

Only iPod sales were down, falling from 9 million units to 7.6 million sold; a decline of 25 percent.

Apple closed the quarter with 110 billion in cash, and 150 billion in total assets.

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