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.
Average weekly revenue was $4.2 billion in the quarter compared to $3.3 billion 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, 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.”
Apple’s 13.1 billion Q113 profit, in a 13-week period, is the most profitable quarter for any tech company in history, eclipsing Apple’s own $13.06 billion record set in the 14-week year-ago quarter.
In after-hours trading, at 6:14pm EST, shares of Apple Inc. (AAPL) were down $56.21 from the close, or -10.94%, to $457.79.
Related articles:
Jim Cramer: ‘Without Steve Jobs, Apple is just another stock, it’s not magical anymore’ – January 23, 2013
MacDailyNews presents live notes from Apple’s Q113 Conference Call – January 23, 2013
Apple reports record results: $54.5 billion revenue, $13.1 billion profit, $13.81 EPS – January 23, 2013
F’ing day traders.
They do seem to be spazzes, do they not.
But, does this mean this is a great time to buy or are we going to see the dead cat bounce? (Ask Wikipedia)
Boo f’ing hoo. Cry you, bitches. This is a man’s game. Deal with it or shut the hell up, ya whining bunch of kunts.
Hey, MacPrick, eat shit and die, why don’t you.
Asswipe.
+1,000,000
Who’s whining now? LOL.
And you obviously aren’t a man–real men never say “kunt”. On top of that, you’re also a coward for not spelling it right.
Not making enough money they need to step it up
Someone is definitely manipulating the stock. An over $56 drop? Ridiculous!
Yes, but not now.
Manipulating the stock, was when it went to the sky $705 only by rumors about some magic iphone 5,
Wall Street made this pyramid.
Well, at the end it was not magic but just good smartphone. And the things are getting now to normal. And guess who sold at $700 to $500 telling you not to sell?
WTH????? The Company Makes money, has Demand for Products, and Is constantly Selling out of them, What the hell is wrong with investors who don’t want their stock?? I totally understand if they make crappy stuff, their OS is no good, there are loads of complaints about what they make, but is there any of that? no. So What is the Gist of the main Problem? Why is the Stock still diving? And why don’t Apple Say anything about it? They Should start changing the way they communicate with people or else we’ll lose confidence in their brand and sink it to $200 a share.
I am confused, Apple sets a record for sales and the stock drops while google does not come in sight of Apple’s profits and it is doing fine. This makes no sense to me. Profits like that I would be buying shares left and right.
What Apple has going on is already priced into the stock. When buying a stock you are looking forward and Apple looks like the can’t shoot straight gang.
Google is getting better at software- Apple’s strong hand- faster than Apple is getting at web services- Google’s strong hand.
Steve Jobs may have been good at many things, but picking CEOs at Apple has produced John Sculley and Tim Cook. I’m not convinced he did any better with Cook, a guy who knows how to make the trains run on time.
40% of the stock price is covered by liquid assets. You can’t tell me that their hard assets and the ability to reap 10 billion per quarter profit which continues to grow YoY only adds up to a $280 billion dollar company. That puts it on par with GOOG and MSFT. It’s undervalued.
Apple’s stock price is suffering mainly based upon past perception, not an objective reality.
The company has no debt, iPhone marketshare is increasing, inroads are being made in China, and there’s no sign that they have to change course.
And while Tim Cook may not be Steve Jobs–then again, who is?–there’s nothing he has done to support your contention that he isn’t effective as CEO (and don’t lay the Maps debacle in his lap because he took care of that quickly and as efficiently as anyone, even owning up to the mistake).
And I am not sure I agree that Google is getting all that good at sofware, compared to Apple, at least; nor does Apple have to be as good as web services as Google.
… except the trains ARE NOT running on time. Apple has fumbled so many product releases lately, it’s downright embarrassing. Buggy late software, late limited availability hardware. Cook’s “outsource to the max” philosophy has hit the skids as major supply constraints occur. Apple used to be able to keep product developments a secret, but in the past 5 years IP has been leaked at an alarming rate. Time to spend that cash pile on in-house vertical integration, Tim.
We can only hope that the pendulum swings the other way soon.
Gundlach says he predicted this because, as everyone knows, “Apple is broken.” He says it’ll hit $425 soon. Cramer says there’s no reason to own Apple now. The FUD-rakers are in full-frenzy mode.
With all that cash in the bank, I doubt Apple are worried, more like “The Street” is worried about Apple.
“Cash is King”.
Elvis is the “King” and he has left the room along with the cash.
Tim cook wants to buy shares back cheap
Anal-ists have lost there FSCKING MINDS!
C’mon people it’s not difficult to understand. Much higher revenue but profits remain even? Margin margins margins. THIS is the real reason for less expensive casings for the new iPhones. Forget about for developing nations thing, it’s about propping up margins. Here, and in other fully developed markets.
So, exactly how much does Amazon make in margins to keep the share price rising the way it does? Pretty soon Amazon will pass Apple in share price or they’ll both meet at $350 a share.
price of share is irrelevant. only market cap and earnings are relevant when comparing companies.
Margins.
Amazon and Google do not have any one breathing down their neck. They do not need to constantly be bringing to products to market. They have markets sewed up. Apple has to hustle and stay ahead of everyone. Even everyone else that takes cuts and copies shell out cheap knock-offs into the market. There is a Big difference between Amazon and Apple. Don’t kid yourself.
Apple is WAY not broken. I wish I could buy more.
I can’t agree more. While I hate to see the fall in value, I do like that it becomes more affordable for the average person, and have been encouraging people to buy while the price is as low as it is.
Because I get a feeling that what amounts to almost a sale on Apple stock isn’t going to last as long as a lot of people would like to think.
One word: conspiracy
So what is broken about Apple?
Who does #2 work for?
I want answers!!!
Apple don’t care about the stock price. It doesn’t bother them whether it is up or down. They have cash and control their own destiny.
For the market they want apple to grow exponentially. It is not possible and so the stock price will tank.
Wish I had cash to buy in. Excellent opportunity.
Cramer et al say stay away from Apple? What, are they stupid? This is a great time to buy Apple stock. I’m sure they are, and then when they have plenty, they’ll start crowing about how Apple stock is a great investment. Whatever.