|
Title: Apple Reports Q4 2013 Year-End Results: $7.5 Billion Profit on $37.5 Billion in Revenue [Call Concluded] Post by: HCK on October 29, 2013, 11:00:41 am Apple Reports Q4 2013 Year-End Results: $7.5 Billion Profit on $37.5 Billion in Revenue [Call Concluded]
Apple today announced financial results for the third calendar and fourth fiscal quarter of 2013. For the quarter, Apple posted revenue of $37.5 billion and net quarterly profit of $7.5 billion, or $8.26 per diluted share, compared to revenue of $36 billion and net quarterly profit of $8.2 billion, or $7.05 per diluted share in the year-ago quarter. Gross margin for the quarter was 37 percent compared to 40.0 percent in the year-ago quarter, with international sales accounting for 60 percent of revenue. Apple also declared a dividend payment of $3.05 per share, payable on November 14 to shareholders as of the close of trading on November 11. The company currently holds $146.8 billion in cash and marketable securities. The company generated $9.9 billion in free cash flow from operations and Apple CFO Peter Oppenheimer said Apple returned $7.8 billion in cash to shareholders through dividends and share repurchases. For the full fiscal year, Apple generated $170.9 billion in sales, a new record for the firm, with just over $35 billion in net income. In fiscal 2012, Apple made $41.7 billion on $156.5 billion in sales thanks to stronger margins. In 2013, Apple sold 16.34 million Macs, its lowest total since 2010, and 26.4 million iPods, its lowest total for that category since 2005. It sold a record 150 million iPhones on the year, up 25 million from 2012, and the company has now sold 421.3 million smartphones in total. It sold 71 million iPads, a new record, and the company has now sold 169.2 million tablets. Quarterly iPhone unit sales reached 33.8 million, compared to 26.9 million in the year-ago quarter, and the company sold 14.1 million iPads, compared to 14 million in the year-ago quarter. Apple sold 4.6 million Macs compared to 4.9 million in the year-ago period.“We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones,” said Tim Cook, Apple’s CEO. "We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS.”Apple's guidance for the first quarter of fiscal 2014 includes expected revenue of $55-58 billion and gross margin between 36.5 and 37.5 percent. Apple will provide live streaming of its Q4 2013 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights. Conference Call and Q&A Highlights are available in reverse chronological order after the jump.Live Updates - No need to refresh Loading live updates... Recent Mac and iOS Blog Stories • Burst Mode Improvements Added to iPhone 5s Camera With iOS 7.0.2 • Logitech Announces Lineup of Cases and Keyboard Covers for iPad Air • MacRumors Folding@home Team Reaches One Billion Points • First Apple Retail Store in Brazil Reportedly Opening in Early 2014 • Livescribe 3 Smartpen Announced for iOS Devices with IR Camera, Content Recognition Capabilities • Random Multiple Exposure Photography App 'Dubble' Launches for iOS • Delivery Status Touch Updated for iOS 7 with Background Notifications, iCloud Support • Non-Retina Space Gray iPad Mini Starts Appearing in Apple Retail Stores http://www.macrumors.com/2013/10/28/apple-reports-q4-2013-year-end-results-7-5-billion-profit-on-37-5-billion-in-revenue/ |