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Apple Reports Third Quarter Results

Discussion in 'News' started by Cristian_25H, Jul 23, 2013.

  1. Cristian_25H

    Cristian_25H News Poster

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    Apple today announced financial results for its fiscal 2013 third quarter ended June 29, 2013. The Company posted quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share. These results compare to revenue of $35 billion and net profit of $8.8 billion, or $9.32 per diluted share, in the year-ago quarter. Gross margin was 36.9 percent compared to 42.8 percent in the year-ago quarter. International sales accounted for 57 percent of the quarter's revenue.

    The Company sold 31.2 million iPhones, a record for the June quarter, compared to 26 million in the year-ago quarter. Apple also sold 14.6 million iPads during the quarter, compared to 17 million in the year-ago quarter. The Company sold 3.8 million Macs, compared to 4 million in the year-ago quarter.

    Apple's Board of Directors has declared a cash dividend of $3.05 per share of the Company's common stock. The dividend is payable on August 15, 2013, to shareholders of record as of the close of business on August 12, 2013.

    "We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services," said Tim Cook, Apple's CEO. "We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014."

    "We generated $7.8 billion in cash flow from operations during the quarter and are pleased to have returned $18.8 billion in cash to shareholders through dividends and share repurchases," said Peter Oppenheimer, Apple's CFO.

    Apple is providing the following guidance for its fiscal 2013 fourth quarter:
    • revenue between $34 billion and $37 billion
    • gross margin between 36 percent and 37 percent
    • operating expenses between $3.9 billion and $3.95 billion
    • other income/(expense) of $200 million
    • tax rate of 26.5%
     
  2. Jorge

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    Nice profits from exploitation of Chinese slaves. Will Tim Cook get another $700 Million in compensation this year for using Chinese slaves?
     
  3. Frick

    Frick Fishfaced Nincompoop

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    GOOD GRIEF MAN. See that computer you're using? See that phone you are using? And most likely your clothes and shoes? All the same thing. Obviously it's bad, but don't single out Apple.
     
    DannibusX says thanks.
  4. DannibusX

    DannibusX

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    He deserves another $700 million for bringing some manufacturing back to the United States.
     
  5. mandis New Member

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    This otherwise known as mindless hatred... :shadedshu
     

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