Wednesday, January 23rd 2013

Apple Reports Record Results for Q1 FY2013

Apple today announced financial results for its 13-week fiscal 2013 first quarter ended December 29, 2012. The Company posted record quarterly revenue of $54.5 billion and record quarterly net profit of $13.1 billion, or $13.81 per diluted share. These results compare to revenue of $46.3 billion and net profit of $13.1 billion, or $13.87 per diluted share, in the 14-week year-ago quarter. Gross margin was 38.6 percent compared to 44.7 percent in the year-ago quarter. International sales accounted for 61 percent of the quarter's revenue.

Average weekly revenue was $4.2 billion in the quarter compared to $3.3 billion in the year-ago quarter.

The Company sold a record 47.8 million iPhones in the quarter, compared to 37 million in the year-ago quarter. Apple also sold a record 22.9 million iPads during the quarter, compared to 15.4 million in the year-ago quarter. The Company sold 4.1 million Macs, compared to 5.2 million in the year-ago quarter. Apple sold 12.7 million iPods in the quarter, compared to 15.4 million in the year-ago quarter.

Apple's Board of Directors has declared a cash dividend of $2.65 per share of the Company's common stock. The dividend is payable on February 14, 2013, to shareholders of record as of the close of business on February 11, 2013.

"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."

"We're pleased to have generated over $23 billion in cash flow from operations during the quarter," said Peter Oppenheimer, Apple's CFO. "We established new all-time quarterly records for iPhone and iPad sales, significantly broadened our ecosystem, and generated Apple's highest quarterly revenue ever."

Apple is providing the following guidance for its fiscal 2013 second quarter:

• revenue between $41 billion and $43 billion
• gross margin between 37.5 percent and 38.5 percent
• operating expenses between $3.8 billion and $3.9 billion
• other income/(expense) of $350 million
• tax rate of 26%
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29 Comments on Apple Reports Record Results for Q1 FY2013

#1
Easy Rhino
Linux Advocate
brandonwh64 said:
Its all about what you usta using. If you had windows all your PC life then you will most likely hate Apple. If you have had linux stints and owned a apple product that worked great then you will most likely defend apple.

IMO I do not like apple for the fact of the image the company has on products. They seem arrogant and there farts smell like rich mahogany.
i wish my farts smelled like rich mahogany. i would constantly eat beans.
Posted on Reply
#2
3870x2
I bought an iPad Shuffle, and it stopped charging after a month or so. My Nano has been going for its 5th year, and is pretty impeccable.

I am not an apple hater, but the price is too high for me to want to get into their products. I let my wife have an iPad 2, even though her iPhone 3 took a two-foot drop onto carpet and cracked the hell out of the glass.

I wouldn't let her get the iPhones if they weren't so damned cheap with the contracts, and my company pays my cell phone bill, so it works out.
Posted on Reply
#3
Frick
Fishfaced Nincompoop
3870x2 said:
I bought an iPad Shuffle, and it stopped charging after a month or so. My Nano has been going for its 5th year, and is pretty impeccable.

I am not an apple hater, but the price is too high for me to want to get into their products. I let my wife have an iPad 2, even though her iPhone 3 took a two-foot drop onto carpet and cracked the hell out of the glass.

I wouldn't let her get the iPhones if they weren't so damned cheap with the contracts, and my company pays my cell phone bill, so it works out.
You are such a dreamy husband that lets your wife have things.
Posted on Reply
#4
brandonwh64
Addicted to Bacon and StarCrunches!!!
Frick said:
You are such a dreamy husband that lets your wife have things.
Posted on Reply