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Apple reports better than expected profit for Q2, raises dividend 15%

Posted: , by Alan F.

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Apple reports better than expected profit for Q2, raises dividend 15%
Apple has just reported second quarter earnings of $9.5 billion which is down from last year's second quarter profit of $11.6 billion. While earnings per share at $10.09 beat analysts' expectations of $10.00, the number was off the $12.30 posted last year. With analysts like Piper Jaffray's Gene Munster "bracing for the worst," Apple's gross margin of 37.5% was right at expectations, but did fall sharply from the 47.4% achieved by the Cupertino based tech giant last year.

Apple sold 37.4 million units of the Apple iPhone and 19.5 million units of the Apple iPad during the quarter. Stockholders will be happy to hear that the company has raised its dividend to $3.05 a share. Apple generated $12.5 billion in net cash flow during the period, leaving the tech titan with $145 billion in cash

For the third quarter, Apple is expecting to report revenue between $33.5 billion and $35.5 billion with gross margin between 36% and 37%. Apple's shares were halted before the earnings report was released at $406 after rising almost $7.50 for the day.

"We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad. 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.-Tim Cook, Apple CEO

source: Yahoo

27 Comments
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posted on 23 Apr 2013, 15:58 5

1. ideal_josh (Posts: 27; Member since: 26 Nov 2012)


who cares about analysts expectations. 2013 compared to 2012 is bad. Apple better wake up

posted on 23 Apr 2013, 15:58 2

2. Nathan_ingx (Posts: 2992; Member since: 07 Mar 2012)


Hurray! Tim Cook's chance of remaining as the CEO of Apple just shot up 15%.

posted on 23 Apr 2013, 16:06 3

3. InspectorGadget80 (Posts: 6122; Member since: 26 Mar 2011)


Do we really need too know bout apple stocks?

posted on 23 Apr 2013, 16:08 6

4. Eonnaydra (Posts: 197; Member since: 23 Oct 2012)


Okey,they have alot of money,but where is the innovation?
5 rows of icons?

posted on 23 Apr 2013, 16:09 9

5. Ninetysix (Posts: 1351; Member since: 08 Oct 2012)


1st quarter 2014 profits.

Apple = 12.5 billion
Microsoft = 6.06 billion
Google = 3.35 billion
Samsung = 7.7 billion

Apple is dying? LOL.... Love to read the comments from the fandroids.

posted on 23 Apr 2013, 16:14 8

6. abdane (Posts: 473; Member since: 07 Oct 2011)


wow, are you from the future ? :O

posted on 23 Apr 2013, 17:32 1

16. Hollywould (Posts: 14; Member since: 31 Oct 2012)


I will admit, I HATE Iphones. Therefore, I have my Note 2. Sure, I may see some reds but think about their computers, ipods, laptops, iTunes. Dont tell me android users that iTunes isnt installed on your computer. Just wanted to clear this up.

-From, an Fandroid.

posted on 23 Apr 2013, 17:57 3

17. PhoneArenaUser (Posts: 5433; Member since: 05 Aug 2011)


iTunes isn't installed on any of mine computers.

posted on 23 Apr 2013, 19:52 2

22. tedkord (Posts: 4268; Member since: 17 Jun 2009)


Not on any of mine. It was years ago for my daughters iPod. It totally gummed up my PC. I'll never install it again. Besides, I upgraded her to Android.

posted on 23 Apr 2013, 18:44

20. InspectorGadget80 (Posts: 6122; Member since: 26 Mar 2011)


no he's pretending to be a analyst.

posted on 23 Apr 2013, 16:20 3

7. MikeG77 (Posts: 366; Member since: 24 Nov 2008)


No Apple is not dying but for a company the size of Apple to have earnings for the last quarter drop by 15% form last year and a 43% drop in share value in 3 quarters is def not good. I think once they release the new iPhone they may make up some of the loss from this quarter but it may be tough even for Apple.

posted on 23 Apr 2013, 16:32 4

8. PhoneArenaUser (Posts: 5433; Member since: 05 Aug 2011)


"1st quarter 2014 profits."

"LOL.... Love to read the comments from the fandroids."

LOL! I also love to read Apple fans comments especially those in which they talk about 2014 year Apple profits when we are still in 2013. :D

posted on 23 Apr 2013, 16:36 1

9. Ninetysix (Posts: 1351; Member since: 08 Oct 2012)


Thanks :) Thumbs up to you.

posted on 23 Apr 2013, 16:47 2

11. Nathan_ingx (Posts: 2992; Member since: 07 Mar 2012)


I think you missed his sarcasm...

posted on 23 Apr 2013, 16:50 5

12. Ninetysix (Posts: 1351; Member since: 08 Oct 2012)


No you missed mine. Apple has been dying for over 100 quarters. They are not going anywhere. They'll be alive and well and hated by fandroids in the next 25+ years.

posted on 23 Apr 2013, 17:12 3

15. PhoneArenaUser (Posts: 5433; Member since: 05 Aug 2011)


"...and hated by fandroids in the next 25+ years."

Since you say that Apple will be hated by "fandroids" in the next 25+ years, that's mean that Android also will be here for the next 25+ years? :)

posted on 23 Apr 2013, 16:37 3

10. davecann2 (Posts: 460; Member since: 15 Mar 2011)


I have to agree.... 2013 is shaping up to be a really bad year for Apple... If all the rumors come together for the iPhone 6 Apple will surly make a come back... And don't call me shurley =P

posted on 23 Apr 2013, 18:58

21. protozeloz (Posts: 5369; Member since: 16 Sep 2010)


I advise you read again

posted on 24 Apr 2013, 01:44

24. darac (Posts: 2156; Member since: 17 Oct 2011)


The profit was 9.5 billion, not 12.5 billion!
Also you're wrong about Google.. it's 3.9, not 3.35.

posted on 23 Apr 2013, 17:07

13. phonemonkey (Posts: 162; Member since: 13 Feb 2012)


waaaambulance coming through

posted on 23 Apr 2013, 17:07 1

14. cocote177 (Posts: 14; Member since: 12 Apr 2012)


Apple should actually buy my country or rent with cash my country for almost 3 years... Come to Dominican Republic and do some investments Tim

posted on 23 Apr 2013, 18:28 3

18. jcpwn2004 (Posts: 314; Member since: 18 Jan 2012)


quote from tim cook:
"- Most important objective is to create innovative products."

This is why apple is failing and their stock is crashing. They've stopped being innovative and have turned to lawsuits and copying.

posted on 23 Apr 2013, 18:39 3

19. PhoneArenaUser (Posts: 5433; Member since: 05 Aug 2011)


Guess who needs to blame for that - Steve Jobs!

According to Apple cofounder, Steve Wozniak, "Steve didn't ever code. He wasn't an engineer and he didn't do any original design..."

Daniel Kottke, one of Apple's earliest employees and a college friend of Jobs', stated that "Between Woz and Jobs, Woz was the innovator, the inventor. Steve Jobs was the marketing person."

posted on 23 Apr 2013, 23:53

23. gallison1983 (Posts: 41; Member since: 19 Dec 2012)


Erm... not sure why there are so many conflicting reports on Apple's earnings call. I've seen all over the internet where Apple is either winning Q2 or still slipping. I guess it's all in how you color and slice the pie charts up.

posted on 24 Apr 2013, 01:48

25. darac (Posts: 2156; Member since: 17 Oct 2011)


145 billion in cash is the most money any company had.. ever.

So yeah, I wouldn't be worried if I were Apple's chief

posted on 24 Apr 2013, 05:19

26. Trex95 (Posts: 540; Member since: 03 Mar 2013)


Apple still doing well. ppl forget that Apple has the best notebook in the market today the Macbook pro.

posted on 24 Apr 2013, 05:22

27. martinlosha (unregistered)


Nobody wins forever.
Success comes and goes,
You can see that with tech ginads like Sony,Toshiba, Panasonic, Dell and HP.
Apple will eventually lose ground.
It's part of life.

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