Apple today 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% compared to 44.7% in the year-ago quarter. International sales accounted for 61%of the quarter’s 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. 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’s Board of Directors has 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.
“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, in the press release. “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, in the press release. “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 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%
Analysts’ consensus called for revenue of $54.73 billion and EPS of $13.44 with iPhone unit sales of 48-50 million, iPad unit sales of 22-23 million, and Macintosh unit sales of 5 million. Analysts’ consensus called for guidance for Apple’s fiscal Q213 (March quarter) of $45.6 billion in revenue and EPS of $11.74.
MacDailyNews Take: This is sort of a mixed bag; beat on EPS, slight miss on revenue, but the all-important Q213 guidance does not meet with the analysts’ consensus revenue expectation, so AAPL shareholders should expect to see some near term pain.
UPDATE, 4:38pm EST: In after-hours trading shares of Apple Inc. (AAPL) are down $24.26, or -4.72%, to $489.75.
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