Apple earnings come in flat at $13.1B on sales of 47.8M iPhones, 22.9M iPads and 4.1M Macs

Posted:
in AAPL Investors edited January 2014
Apple announced Wednesday a profit of $13.1 billion, or $13.81 per diluted share, on record quarterly revenue of $54.5 billion for the three-month period ended December 29th, 2012.

Apple

The 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 percent compared to 44.7 percent in the year-ago quarter. International sales accounted for 61 percent 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. It also sold a record 22.9 million iPads during the quarter, compared to 15.4 million in the year-ago quarter. Macs fell short of consensus estimates at 4.1 million units, down from 5.2 million in the year-ago quarter. Apple also sold 12.7 million iPods in the quarter, 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."

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 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 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. AppleInsider will provide live coverage.
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Comments

  • Reply 1 of 157
    blitz1blitz1 Posts: 412member
    It's a miss...
    and the stock is being pummeled
  • Reply 2 of 157

    Quote:

    Originally Posted by Blitz1 View Post



    It's a miss...

    and the stock is being pummeled


    Yep...def thought they'd do more than 50M iPhones...wow.

  • Reply 3 of 157
    kpomkpom Posts: 618member

    Quote:

    Originally Posted by Blitz1 View Post



    It's a miss...

    and the stock is being pummeled


     


    The projection for Q2 is a "miss." Actually, EPS was slightly above consensus. Revenue was slightly below consensus, and iPhone and iPad sales were in line. Mac sales were a miss, but they are relatively small.

  • Reply 4 of 157
    Best quarter ever! stock tanks
    Makes sense
  • Reply 5 of 157
    cameronjcameronj Posts: 2,357member


    It'll be up tomorrow.

  • Reply 6 of 157
    jd_in_sbjd_in_sb Posts: 1,496member
    Of course we must start this off with "Apple is doomed!"
  • Reply 7 of 157
    rob53rob53 Posts: 2,105member
    And AAPL tanks. When will the SEC fix this mess?
  • Reply 8 of 157


    This is depressing. I really hope they plan to buy back shares, split the stock, or something to boost the stock!

  • Reply 9 of 157


    Tremendous quarter. 

  • Reply 10 of 157


    hillarious! 13 billion in profit and the stock will lose at least 15%... lol

  • Reply 11 of 157
    What is happening with AAPL makes me don't want to invest again . It just doesn't make sense
  • Reply 12 of 157
    quadra 610quadra 610 Posts: 6,746member


    It's a record quarter. 


     


    It's interesting to see that iPad sales are approaching iPhone-level numbers from a couple of years ago. 

  • Reply 13 of 157


    Apple's stock will skyrocket in the morning. They had a fantastic quarter.

  • Reply 14 of 157

    Quote:

    Originally Posted by rob53 View Post



    And AAPL tanks. When will the SEC fix this mess?




    2 things being looked at:


     


    1. Q2 projection is below analysts projections


     


    2. Margins have dipped considerably

  • Reply 15 of 157

    Quote:

    Originally Posted by Quadra 610 View Post


    It's a record quarter. 


     


    It's interesting to see that iPad sales are approaching iPhone-level numbers from a couple of years ago. 



    2011, actually.

  • Reply 16 of 157

    Quote:

    Originally Posted by pedromartins View Post


    hillarious! 13 billion in profit and the stock will lose at least 15%... lol



    Won't lose that much, but Mac sales down 20% and margins down to 38% from 44%.  Their revenue went up a ton, but they only had as much in profit as Q4 last year.  A great quarter to be sure, but Street is so used to Apple beating estimates that it really hurts them when they don't now.

  • Reply 17 of 157

    Quote:

    Originally Posted by cameronj View Post


    It'll be up tomorrow.





    You really think so?


     


    Up from where?

  • Reply 18 of 157

    Quote:

    Originally Posted by island hermit View Post




    2 things being looked at:


     


    1. Q2 projection is below analysts projections


     


    2. Margins have dipped considerably



    who cares, since revenue and profit is going up? Do you at least know what you are talking about? Then we have this P/E... It's hillarious.

  • Reply 19 of 157


    I'm very satisfied with 38.6% margins.  I'm probably most curious about iPhone number being a little low...why?  Everything else seemed predictable.

  • Reply 20 of 157


    22 million iPads? As Quadra just said those sales are skyrocketing. All things considered it's a great, great quarter but apparently that isn't enough.


     


    After hours the stock is down almost 5%. It'll probably regain a little but that is a lot of red right now.

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