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Apple’s Q1 2013 Earnings: $13.1B, Sold 47.8M iPhones, 22.9M iPads and 4.1M Macs

Apple’s Q1 2013 Earnings: $13.1B, Sold 47.8M iPhones, 22.9M iPads and 4.1M Macs

Apple has just announced the best quarter in its corporate history, reporting earnings of $13.1 billion, or $13.81 per diluted share, on record quarterly revenue of $54.5 billion. That compares 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.

Apple Money

Average weekly revenue came in at $4.2 billion this quarter, compared to $3.3 billion in quarter a year ago.

Sales figures show a record 47.8 million iPhones sold in the quarter, compared to 37 million in the quarter a year ago. In addition, Apple sold a record 22.9 million iPads during the quarter, compared to 15.4 million in the same quarter one-year ago. Mac sales suffered though, with 4.1 million Macs sold, compared to 5.2 million in the year-ago quarter. Apple also sold 12.7 million iPods in the quarter, down from 15.4 million in the year-ago quarter.

Tim Cook, Apple’s CEO said, “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.”

The company’s Board of Directors have declared a cash dividend of $2.65 per share of the Company’s common stock. The dividend is payable on February 14, 2013, to shareholders of record as of the close of business on February 11, 2013.

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 at www.apple.com/quicktime/qtv/earningsq113.

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