Apple Announces Record Breaking Quarterly Revenue of $54.5bn
- January 23rd, 2013
- Apple Financials
- Alex Brooks
Apple today announced financial results for its first fiscal quarter of 2013 which ran from October 1 until December 31 2012. The Company posted revenue of $54.5 billion and net quarterly profit of $13.1 billion, or $13.81 per diluted share. These results compare to revenue of $46.3 billion and net quarterly profit of $13.1 billion, or $13.87 per diluted share, in the year-ago quarter which had an additional calendar week. 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.
For the first time Apple reported average weekly revenue which was $4.2 billion compared to $3.3 billion in the year-ago-quarter.
Apple reported the following number of shipments for its products during the quarter:
- 47.8 million iPhones compared to 37 million in the year-ago-quarter
- 22.9 million iPads compared to 15.4 million in the year-ago-quarter
- 4.1 million Macs compared to 5.2 million in the year-ago quarter
- 12.7 million iPods compared to 15.4 million in the year-ago quarter.
“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 provided 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%