Tag Archives: Tim Cook

Apple Inc. has announced their fiscal 2012 Q2 results ended March 31, 2012. Apple hit $39.2 billion in revenues and net profit of $11.6 billion. During the same quarter last year, Apple hit $24.7 billion in revenues and $6 billion in profits. Apple sold 35.1 million iPhones, 11.8 million iPads, 4 million Macs, and 7.7 million iPods.
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Apple CEO Tim Cook spoke at the Goldman Sachs Technology and Internet Conference in San Francisco, California yesterday. He answered questions about the working conditions in Chinese factories, 37 million iPhones being sold in Q1 2012, breaking into emerging markets, the halo effect in emerging markets, 55 million iPads being sold, tablet competition, product pricing, use of their cash (such as dividends), cannibalization of Mac sales by the iPad, Apple TV, iCloud, Siri, and corporate culture. To read a transcript of the Q&A from the conference, check out Forbes.

At a town hall meeting today, Apple Inc. CEO Tim Cook talked about new employee benefits. Cook announced that Apple employees will soon be given $500 discounts on purchases of new Macs and $250 discounts on purchases of a new iPad. The new discount program will be applied at some point in June 2012. The Apple employees may utilize the discount opportunity once every three years and the employee must have been working for Apple for at least 90 days. The Mac discount includes the Mac Mini. Current employees already have a 25% discount on Macs.

Today Apple Inc. announced the financial results for the first 2012 quarter which spanned 14 weeks and ended December 31, 2011. The company reported $46.33 billion and recorded a net profit of $13.06 billion. One year ago, the company reported $26.74 billion in revenues and profits of $6 billion. International sales accounted for 58% of the company’s revenue.
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