Apple Q1 2012: $97.6B in the Bank

Apple Stock Watch

Jeff Gamet

5:27 PM, Jan. 24th ET, 2012

Articles by Author Jeff Gamet on Twitter Contact Author Bio

Comments (0)

Apple’s cash on hand at the end of its first fiscal quarter of 2012 was US$97.6 billion, up about $16 billion from the third fiscal quarter of 2012. CFO Peter Oppenheimer shared those figures during the company’s first fiscal quarter earnings report Tuesday afternoon.

Apple has $97.6 billion in the bank About $64 billion of that cash was stashed offshore at the end of the quarter, and while company executives are discussing how to best use its big bank roll, there aren’t any specific plans yet. “We’re not letting it burn a hole in our pockets,” Mr. Oppenheimer said.

Apple reported record breaking earnings yet again with its first fiscal quarter revenue hitting $46.33 billion. iPhone sales were up some 128 percent to 37.04 million units, iPad sales came in at 15.43 million, and Mac sales were up year over year at 5.2 million units.

Mr. Oppenheimer added that cash flow from operations for the quarter was up over $17.5 billion.

Apple is currently trading after hours at $452, up 31.59 (7.51%).

Post A Comment or Log-in. Need an account? Register here.

Recent Headlines - Updated May 27th

Sat, 10:00 AM: MacOS KenDensed - MacOS KenDensed: Apple’s Patent Lawsuit & Antitrust Shuffle
Fri, 5:58 PM: News - Sotheby’s to Auction Steve Jobs Atari Memo (Photo Gallery)
5:42 PM: Free on iTunes - 3 Free iOS Apps for News Hounds
3:00 PM: Rumor - Nest Thermostat Reportedly Coming to Apple Retail Stores
2:40 PM: Particle Debris - The TV Industry’s Dreadful Little Secret
2:33 PM: News - Mobile Devices Account for 20% of Web Traffic in US, Canada
12:49 PM: News - Apple Now Offering “Free App of the Week” for iOS
12:21 PM: News - Tim Cook Declines $75 Million Dividend Payout
11:25 AM: News - Absinthe 2.0 Provides Untethered Jailbreak for iOS 5.1.1
11:09 AM: Quick Look Review - F18 Carrier Landing (iOS) is a Boatload of Fun
10:51 AM: TMO Appearances - Jeff Gamet talks Cool Apps & Accessories on Not Another Mac Podcast
10:12 AM: Hot Forum Topic - Forum Poll: Which is Your Favorite Photo Sharing Service?

The Mac Observer Reader Specials

Macsales.com SuperSpeed SSDs from $58. Transform your Mac with an SSD Solution of up to 960GB! You won't believe it's the same machine! Once you experience an OWC SSD, no going back! - Macsales.com
Mac RAM Upgrades: MacBook Pro 16GB kits $475, 8GB Kits for $119.99! iMac 16GB RAM Kits (4x 4GB) for $229.99! Mac Pro Memory 32GB Kit for $399.99, 64GB Kit for $889.99! Mac Hard Drives 2TB Seagate SATA II for $249.99! Click Here!
If you're using a Mac, then you've gotta check out PokerOnAMac.com. Online casinos and poker rooms are literally giving away cash and the casino sites at Poker on a Mac do the unthinkable, they actually reward! Join today, the download is free!
Looking to find online casinos for mac? We can help you find the best real money casino sites where you can play your favorite casino games including blackjack and slots.

Buy Stuff, Support TMO via Apple or Amazon
Deals from DealBrothers.com
Reader Specials
Read TMO on Kindle
TMO on Twitter and FaceBook:

Apple Stock Quote (AAPL)

Last trade: $---.-- $---.--
Market cap: $---.--
Discuss in our Apple Finance Board

Quotes are delayed. Currency in USD

Hot Topics

What's the buzz? These articles have TMO readers talking.

Samsung: Apple’s Trial Experts Are “Slavish” Fanboys - 19 Comments
Forrester: Maybe Apple’s TV Isn’t a TV - 9 Comments
The TV Industry’s Dreadful Little Secret - 8 Comments
Analyst: Apple to Offer iPhone 3GS as Pre-Paid Option - 8 Comments
Jonathan Ive Calls Apple’s Current Project the “Most Important” - 7 Comments
Estimated Apple TV Sales to Date: 6.3 Million - 7 Comments

TMO Express

Join the TMO Express Daily Newsletter to get the latest Mac headlines in your e-mail every weekday. Find out more!

Top Deals From DealBrothers.com

Recent Features

Get the latest installments of TMO Columns, Podcasts, & Blogs.

© The Mac Observer, Inc. -- All rights reserved. All information presented on this site is copyrighted by The Mac Observer, Inc. except where otherwise noted. No portion of this site may be copied without express written consent. Other sites are invited to link to any aspect of this site provided that all content is presented in its original form and is not placed within another frame. The Mac Observer is an independent publication and has not been authorized, sponsored, or otherwise approved by Apple, Inc.