Over the most recent four fiscal quarters ended in June, Apple reached $100 billion in revenue. In this four-quarter period revenue rose at the rate of 75.73% and eps rose 90.2%. Apple's revenue growth is fueled not only by the popular iPhone and iPad which accounted for 61% of the $100 billion in revenue, it's also fueled by a broadening of the company's global reach.
Apple manages its business on a geographic basis. In this article I'm providing an overview of Apple's sales by region for the first nine months of the current fiscal year ended in June. During this nine-month period revenue rose 78.2% to $79.979 billion and operating income increased 93.85% leading to an eps gain of 96.2% over the prior-year period. Apple's remarkable cost discipline kept operating expenses under 9% of revenue in the June quarter and sustains the rates of eps growth above the rates of growth in revenue.
While it's easy to view Apple and Apple's revenue and earnings growth as a function solely of the company's popular products, further study indicates the company's expanding global distribution of products, including new iPhone carriers and new retail stores are important components of the company's continuing success.
The graph and table data below detail sales and operating income by region and illustrate Apple's broadening global reach as the iPhone, iPad and Macintosh line of personal computers are made available to a growing number of the world's consumers.
Revenue Thru | Revenue Thru | % YOY | Operating | Operating | % YOY | |
Region | 6/25/2011 | 6/26/2010 | Gain | Income 2011 | Income 2010 | Gain |
Americas | 28,667 | 17,312 | 65.59% | 10,250 | 5,482 | 86.98% |
Europe | 20,381 | 13,234 | 54.00% | 8,414 | 5,457 | 54.19% |
Japan | 4,326 | 2,580 | 67.67% | 1,996 | 1,185 | 68.44% |
Asia-Pacific | 16,062 | 5,524 | 190.77% | 6,869 | 2,553 | 169.06% |
Retail | 10,543 | 6,232 | 69.18% | 2,665 | 1,447 | 84.17% |
Total | 79,979 | 44,882 | 78.20% | 30,194 | 16,124 | 87.26% |
Stock-Based Compensation Expense Other Corporate Expenses, net | -870 | -655 | ||||
-4,244 | -2,531 | |||||
Total Operating Income | 25,080 | 12,938 | 93.85% | |||
