Apple has announced better-than-expected financial results for its fiscal 2013 second quarter ended 30 March 2013.
The company posted quarterly revenue of $43,6-billion and quarterly net profit of $9,5-billion, or $10,09 per diluted share.
These results compare to revenue of $39,2-billion and net profit of $11,6-billion, or $12,30 per diluted share, in the year-ago quarter. Gross margin was 37,5% compared to 47,4% in the year-ago quarter.
International sales accounted for 66% of the quarter’s revenue.
Apple sold 37,4-million iPhones in the quarter, compared to 35,1-million in the year-ago quarter. It also sold 19,5-million iPads during the quarter, compared to 11,8-million in the year-ago quarter. The company sold just under 4-million Macs, compared to 4-million in same quarter last year.
“We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad,” says Tim Cook, Apple’s CEO. “Our teams are hard at work on some amazing new hardware, software, and services and we are very excited about the products in our pipeline.”
“Our cash generation remains very strong, with $12,5-billion in cash flow from operations during the quarter and an ending cash balance of $145-billion,” says Peter Oppenheimer, Apple’s CFO.
For the third quarter, Apples expects to post revenue between $33,5-billion and $35,5-billion; gross margin between 36% and 37%; operating expenses between $3,85-billion and $3,95-billion; other income/(expense) of $300-million; and a tax rate of 26%.
The company posted quarterly revenue of $43,6-billion and quarterly net profit of $9,5-billion, or $10,09 per diluted share.
These results compare to revenue of $39,2-billion and net profit of $11,6-billion, or $12,30 per diluted share, in the year-ago quarter. Gross margin was 37,5% compared to 47,4% in the year-ago quarter.
International sales accounted for 66% of the quarter’s revenue.
Apple sold 37,4-million iPhones in the quarter, compared to 35,1-million in the year-ago quarter. It also sold 19,5-million iPads during the quarter, compared to 11,8-million in the year-ago quarter. The company sold just under 4-million Macs, compared to 4-million in same quarter last year.
“We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad,” says Tim Cook, Apple’s CEO. “Our teams are hard at work on some amazing new hardware, software, and services and we are very excited about the products in our pipeline.”
“Our cash generation remains very strong, with $12,5-billion in cash flow from operations during the quarter and an ending cash balance of $145-billion,” says Peter Oppenheimer, Apple’s CFO.
For the third quarter, Apples expects to post revenue between $33,5-billion and $35,5-billion; gross margin between 36% and 37%; operating expenses between $3,85-billion and $3,95-billion; other income/(expense) of $300-million; and a tax rate of 26%.