Apple’s Second Quarter Results


Apple yesterday announced its Q2 results for the 2013 fiscal year ended March 30, 2012.

According to a press release issued by Apple, the company posted a revenue of $43.6 billion with a quarterly net profit of $9.5 billion.

Apple also announced that it had sold 37.4 million iPhones this quarter. That’s up from 35.1 million the same quarter last year. It also sold 19.5 million iPads. A huge jump from 11.8 million during the same quarter last year. Likely because last year people were preparing for the iPad 3 announcement around that time. Mac sales went down slightly. Apple sold just under 4 million. That’s compared to 4 million during the same quarter a year ago.

Apple didn’t even bother to mention the iPod this time.

Here’s the press release:

Apple Reports Second Quarter Results

37.4 Million iPhones Sold; 19.5 Million iPads Sold

CUPERTINO, California—April 23, 2013—Apple® today announced financial results for its fiscal 2013 second quarter ended March 30, 2013. The Company posted quarterly revenue of $43.6 billion and quarterly net profit of $9.5 billion, or $10.09 per diluted share. These results compare to revenue of $39.2 billion and net profit of $11.6 billion, or $12.30 per diluted share, in the year-ago quarter. Gross margin was 37.5 percent compared to 47.4 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.

The Company sold 37.4 million iPhones in the quarter, compared to 35.1 million in the year-ago quarter. Apple also sold 19.5 million iPads during the quarter, compared to 11.8 million in the year-ago quarter. The Company sold just under 4 million Macs, compared to 4 million in the year-ago quarter.

“We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad,” said Tim Cook, Apple’s CEO. “Our teams are hard at work on some amazing new hardware, software, and services and we are very excited about the products in our pipeline.”

“Our cash generation remains very strong, with $12.5 billion in cash flow from operations during the quarter and an ending cash balance of $145 billion,” said Peter Oppenheimer, Apple’s CFO.

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

  • revenue between $33.5 billion and $35.5 billion
  • gross margin between 36 percent and 37 percent
  • operating expenses between $3.85 billion and $3.95 billion
  • other income/(expense) of $300 million
  • tax rate of 26%

About 8bitjay

Google + Profile