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Apple Reports Record Results

47.8 Million iPhones and 22.9 Million iPads Sold

Apple® 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.

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 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%

Source:  4-trader.com

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