Wednesday, January 23, 2013, 01:33 pm PT (04:33 pm ET)
Apple earnings come in flat at $13.1B on sales of 47.8M iPhones, 22.9M iPads and 4.1M MacsApple announced Wednesday a profit of $13.1 billion, or $13.81 per diluted share, on record quarterly revenue of $54.5 billion for the three-month period ended December 29th, 2012.
The 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 quarters revenue.
Average weekly revenue was $4.2 billion in the quarter compared to $3.3 billion in the year-ago quarter.
Apple sold a record 47.8 million iPhones in the quarter, compared to 37 million in the year-ago quarter. It also sold a record 22.9 million iPads during the quarter, compared to 15.4 million in the year-ago quarter. Macs fell short of consensus estimates at 4.1 million units, down from 5.2 million in the year-ago quarter. Apple also sold 12.7 million iPods in the quarter, compared to 15.4 million in the year-ago quarter.
"Were thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter," said Tim Cook, Apples CEO. "Were very confident in our product pipeline as we continue to focus on innovation and making the best products in the world."
Apples Board of Directors has declared a cash dividend of $2.65 per share of the Companys common stock. The dividend is payable on February 14, 2013, to shareholders of record as of the close of business on February 11, 2013.
"Were pleased to have generated over $23 billion in cash flow from operations during the quarter," said Peter Oppenheimer, Apples CFO. "We established new all-time quarterly records for iPhone and iPad sales, significantly broadened our ecosystem, and generated Apples 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%
Apple will provide live streaming of its Q1 2013 financial results conference call beginning at 2:00 p.m. PST today. AppleInsider will provide live coverage.
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