Apple today announced financial results for its fiscal 2013 third quarter ended June 29, 2013. The Company posted quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share. These results compare to revenue of $35 billion and net profit of $8.8 billion, or $9.32 per diluted share, in the year-ago quarter. Gross margin was 36.9 percent compared to 42.8 percent in the year-ago quarter. International sales accounted for 57 percent of the quarter’s revenue.
Analysts surveyed by Thomson Reuters expected Apple’s fiscal third quarter to hit $7.32 per share on $35.01 billion in revenue for the quarter ended June 30.
Apple sold 31.2 million iPhones, a record for the June quarter, compared to 26 million in the year-ago quarter. Apple also sold 14.6 million iPads during the quarter, compared to 17 million in the year-ago quarter. The Company sold 3.8 million Macs, compared to 4 million in the year-ago quarter.
Apple’s Board of Directors has declared a cash dividend of $3.05 per share of AAPL common stock. The dividend is payable on August 15, 2013, to shareholders of record as of the close of business on August 12, 2013.
“We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services,” said Tim Cook, Apple’s CEO, in a statement. “We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014.”
“We generated $7.8 billion in cash flow from operations during the quarter and are pleased to have returned $18.8 billion in cash to shareholders through dividends and share repurchases,” said Peter Oppenheimer, Apple’s CFO.
Apple is providing the following guidance for its fiscal 2013 fourth quarter:
• revenue between $34 billion and $37 billion
• gross margin between 36 percent and 37 percent
• operating expenses between $3.9 billion and $3.95 billion
• other income/(expense) of $200 million
• tax rate of 26.5%
For Apple’s fiscal fourth quarter, analysts surveyed expected guidance of $7.95 per share in earnings on revenue of $37.08 billion.
MacDailyNews Note: Apple will provide live audio streaming of its Q313 Third Quarter Results Conference Call using Apple’s industry-leading QuickTime multimedia software. The live webcast will begin at 2:00 p.m. PDT on Tuesday, July 23, 2013 here and will also be available for replay for approximately two weeks thereafter. The webcast is available on any iPhone, iPad or iPod touch running iOS 4.2 or above, any Mac running OS X 10.5 or above or any PC running QuickTime 7 or later.
As usual, MacDailyNews will provide live notes of Apple’s Q313 conference call today at 5pm EDT. Check our home page for the link later today at approximately 4:45pm EDT.