Apple (AAPL) released the fiscal year 2012 second quarter earnings report Tuesday. The report shows that Apple’s second-quarter revenues reached $39.186 billion, an increase of 59 percent from $24.667 billion in the same period last year; Apple’s second-quarter net profit was $11.622 billion, up 94 percent from $5.987 billion in the same period last year.
Apple sold 4 million units of Mac in the second quarter, an increase of 7 percent compared with a year ago; a total of 7.7 million units of iPod were sold, representing a slip of 15 percent compared with a year ago; a total of 35.1 million units of iPhone were sold, an increase of 88 percent compared with the same period last year; 11.8 million units of iPad were sold, a surge of 151 percent compared with the same period last year.
Apple’s second quarter financial results outperformed the consensus estimates. As of the six months ended March 31, 2012, Apple’s cash reserves had exceeded $110 billion while the cash reserves for the six months ended September 24, 2011 were $81.5 billion.
Apple announced dividend payout and share repurchase program last quarter, which is the first time Apple implements a such kind of plan. The further repletion of cash reserves causes the market participants to pay more attention to Apple’s use of these funds.
Apple also reiterated in the conference call that the company will pay a dividend amount of $2.55 per share from the fourth quarter of the fiscal year 2012.