Apple reports 2013 Q1 earnings: $13.1b profit, $54.5b revenue, Macs up 1%, iPhones up 58%, iPads up 26%, iPods down 19%
On Wednesday Apple reported its first quarter financial results and the company broke more records, naturally. Apple posted a $13.1 billion profit on $54.5 billion in revenue. Compare this to one year ago, that’s up from a profit of $13.06 billion on $46.33 billion in revenue. Says CEO Tim Cook: “We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter. We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.”
Now let’s break it down by product category. Apple sold 47.8 million iPhones in the quarter (compared to 37 million in the year-ago quarter); 22.9 million iPads (compared to 15.4 million); 4.1 million Macs (compared to 5.2 million); and 12.7 million iPods (compared to 15.4 million). The company’s “hobby” Apple TV sold 2 million units representing a 60 percent unit increase over the year-ago quarter.
Looking ahead to the second fiscal quarter of 2013, Apple CFO Peter Oppenheimer expects revenue between $41-$43 billion.
Leading up to and following Apple’s quarterly financial results, its stock (AAPL) took a nosedive below the $500 threshold. Today, January 24, it dropped 63.51 points (12.35%) to $450.50 when the market closed. After hours it dropped another 2.13 points to $448.37. If there was a time to announce an exciting new product that promises to revolutionize the way we watch and consume TV content, that time would be now.
Apple reports 2012 Q2 earnings: $11.6b profit, $39.2b revenue, Macs up 7%, iPhones up 88%, iPads up 151%, iPods down 15%
On Tuesday Apple reported record March quarter results and they go like this. Apple posted a $11.6 billion profit on $39.2 billion in revenue. Compare this to one year ago, that’s up from a profit of $6.0 billion on $24.7 billion in revenue. Says CEO Tim Cook: “We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”
Now let’s break it down by product category. Apple sold 4 million Macs during the quarter (representing a 7 percent unit increase over the year-ago quarter); 35.1 million iPhones (representing an 88 percent unit growth); an impressive 11.8 million iPads (representing a 151 percent unit growth); and 7.7 million iPods (representing an 15 percent unit decline).
Following this announcement, Apple stock (AAPL) jumped significantly to $610 (a +50 increase), just surpassing Google’s stock that was at $609 that day. Today APPL has cooled down a bit and rests at $603 and Google has taken the lead once more and holds steady at $614.98.
Looking ahead to the third quarter, Apple CFO Peter Oppenheimer expects revenue of about $34 billion and diluted earnings per share of about $8.68.