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

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.


source: Yahoo

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27 Comments

1. ideal_josh

Posts: 34; Member since: Nov 26, 2012

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

2. Nathan_ingx

Posts: 4769; Member since: Mar 07, 2012

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

3. InspectorGadget80 unregistered

Do we really need too know bout apple stocks?

4. Eonnaydra

Posts: 217; Member since: Oct 23, 2012

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

5. Ninetysix

Posts: 2965; Member since: Oct 08, 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.

6. abdane

Posts: 507; Member since: Oct 07, 2011

wow, are you from the future ? :O

16. Hollywould

Posts: 14; Member since: Oct 31, 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.

17. PhoneArenaUser

Posts: 5498; Member since: Aug 05, 2011

iTunes isn't installed on any of mine computers.

22. tedkord

Posts: 17456; Member since: Jun 17, 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.

20. InspectorGadget80 unregistered

no he's pretending to be a analyst.

7. MikeG77

Posts: 426; Member since: Nov 24, 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.

8. PhoneArenaUser

Posts: 5498; Member since: Aug 05, 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

9. Ninetysix

Posts: 2965; Member since: Oct 08, 2012

Thanks :) Thumbs up to you.

11. Nathan_ingx

Posts: 4769; Member since: Mar 07, 2012

I think you missed his sarcasm...

12. Ninetysix

Posts: 2965; Member since: Oct 08, 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.

15. PhoneArenaUser

Posts: 5498; Member since: Aug 05, 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? :)

10. davecann2

Posts: 460; Member since: Mar 15, 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

21. protozeloz

Posts: 5396; Member since: Sep 16, 2010

I advise you read again

24. darac

Posts: 2156; Member since: Oct 17, 2011

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

13. phonemonkey

Posts: 168; Member since: Feb 13, 2012

waaaambulance coming through

14. cocote177

Posts: 21; Member since: Apr 12, 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

18. jcpwn2004

Posts: 314; Member since: Jan 18, 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.

19. PhoneArenaUser

Posts: 5498; Member since: Aug 05, 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."

23. gallison1983

Posts: 47; Member since: Dec 19, 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.

25. darac

Posts: 2156; Member since: Oct 17, 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

26. Trex95

Posts: 2383; Member since: Mar 03, 2013

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

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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