Tag: Financial Report

Apple Releases Q1 2013 Results – Sales Records Set

Apple Store 2

Apple has released their 1st quarter financial report of 2013 were the Cupertino-based company posted record quarterly revenue of 54.5 billion and a record quarterly net profit of $13.1 billion ($13.81 per diluted share).

Apple also set records in the sales of iPhones and iPads. The total sales of iPhones were 47.8 million, up 10.8 million from last year. iPads tallied in at 22.9 million sold, up 7.5 million from last year this time.

“We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter,” said Tim Cook, Apple’s CEO. “We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.”

As of posting Apple is down 6.27% at $481.79 in afterhours trading. Apple had closed at $514.01 with a gain of 9.24%.

 

Apple Releases 4th Quarter Financial Results

Apple has released their 4th quarter financial results for 2012, ending September 29, 2012. The company’s revenue was $36.0 billion and their quarterly net profit was $8.2 billion ($8.67 per diluted share). Compared to 2011, Apple’s numbers are higher from $28.3 billion in revenue and net profit of $6.6 billion ($7.05 per diluted share).

“We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s CEO. “We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.”

“We’re pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75.”

Apple sold 26.9 million iPhones in the quarter, which is a 58% unit growth over the year-ago quarter. The company also sold 14.0 million iPads in the 4th quarter, leading to a 26% jump from this time last year. While the iPhone 5 launch was in the last week of the quarter we are looking for 1st Quarter 2013 results to see how well the device sold.

The only place Apple took a hit was with the iPod sales of 5.3 million units which is a 19% decline from last year.