Apple reports record profits, sells 47 million Apple iPhones in fiscal first quarter

Apple reports record profits, sells 47 million Apple iPhones in fiscal first quarter
Apple enjoyed quite a strong fiscal first quarter as it reported record revenue of $54.5 billion and profit of $13.1 billion, also a company record. It all works out to profits of $13.81 a diluted share for the tech giant. Last year, the company reported revenue of $46.3 billion and profits of $13.1 billion in last year's fiscal first quarter. Gross margin, at 38.6% dropped from last year's 44.7%, possibly due to the lower priced Apple iPad mini and higher sales of legacy iPhone models. 61% of revenue were from international sales.

Apple sold a record 47.8 million units of the Apple iPhone in the quarter, compared to 37 million sold last year. 22.9 million Apple iPads were sold in the period which ended last month, compared to 15.4 million sold last year. The number of tablets sold in the quarter was also a new record for the Cupertino based tech titan. Apple also declared a quarterly dividend of $2.65 per share, payable on February 14th.

For the second quarter, Apple says it is looking to report revenue between $41 billion and $43 billion, gross margin between 37.5% and 38.5% and a tax rate of 26%. Investors seem not too happy with the gross margin figures as Apple stock is down $15 after-hours to $499.


source: CNBC

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58 Comments

57. TRUTHHURTS69

Posts: 1; Member since: Jan 23, 2013

TRANSLATION= PEOPLE STILL BUY OUR OVERPRICED PRODUCTS.. WHAT'S FUNNY IS THAT THE fanboys THINK IT'S GOOD NEWS FOR THEM WHEN IN FACT THE NUMBERS MEAN THAT CONSUMERS Are RIPPED OFF DUE TO THEIR HIGH PROFIT MARGIN.....

44. JTS1994

Posts: 1; Member since: Jan 23, 2013

Mr Gadget- the stock picture says investors believe that, long term, Apple is not as desirable as they were a few years back. The reason is simple, the last few years (since the launch of the first iPad), their profitable product line (iOS devices) has become stagnant. The competition has caught up in terms of innovation (truthfully Apple has fallen behind from an innovation standpoint). Five years ago, Nintendo was the market leader (in fiscal measurables), in the gaming world. They were the most profitable of the three big boys (Sony and Microsoft), from console revenue. In fact, they were the only one generating a profit from system sales. The last 5 quarters, Nintendo has been in the red..because they refused to move forward. I know this isn't an apple to Apple comparison, but there is reason it's unwise for tech companies to sit still or get overly comfortable in their position (counting money instead of moving ahead)

40. nard0207

Posts: 18; Member since: Jan 03, 2013

Tom Cook. lol

28. jroc74

Posts: 6023; Member since: Dec 30, 2010

Yet another record profits posted by Apple....and yet they claimed they were being harmed by the so called copying by Samsung.... Maybe one day...Apple will actually take a look at their bank account, financial books...and stop the crying...because they obviously dont.

27. synot

Posts: 277; Member since: Sep 14, 2012

If it was written by any other than ALAN F. I maybe would have believed it.

26. Carlitos

Posts: 707; Member since: Oct 23, 2011

But you fail to notice the stock fell 55 points. Almost 11%. Lmao

32. darac

Posts: 2156; Member since: Oct 17, 2011

Because they also fail to notice the outlook for next quarter: 41billion in revenue, from the current 54 billion That's more than 20 percent drop!

24. GoBears

Posts: 456; Member since: Apr 27, 2012

Sorry to burst all you brainwashed Apple fanboys bubbles but check out aapl after hours. It's tumbling and I freaking love it.

31. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

I realize you probably have no idea what you are speaking about, or what Apple is about. I'm going to post a link, read the article, with understanding. You may learn how the real world works, then when you finish, read the comments by mature, informed adult, not kids. http://gizmodo.com/5977625/android-is-popular-because-its-cheap-not-because-its-good?tag=phones

35. darac

Posts: 2156; Member since: Oct 17, 2011

HE has no idea? Riiight.. http://www.businessinsider.com/consumer-reports-iphone-5-2013-1#ixzz2HFH1GQHx Oh and gizmodo..what else to expect from them?

38. jroc74

Posts: 6023; Member since: Dec 30, 2010

Then please explain all the pre orders of first weeks, months sales of new high end Android phones... because they are certaintly not cheap. I got the Droid X1 and RAZR off contract...and the first day they were available....thats $600 times 2.... It amazes me ppl still overlook that tidbit of info. Btw.....since some iPhones now comes free or cheaper....the cheaper argument isnt gonna fly anymore....Android is good, period. Thats one reason why its so popular. Cheaper phones is another....not the only reason. Win Mo was cheaper.....looked what happened to that. BB was cheaper...look what happened to that. Palm was cheaper.....may they rest in peace.... If a cheaper phone is the only reason why its popular.....how do you explain Apple keep breaking sales records....year after year?

50. Slammer

Posts: 1515; Member since: Jun 03, 2010

JunitoNH, This argument is old. On contract, the iphone is no more expensive than the competitive high end Android devices. People are starting to realize that purchasing a phone with the most options and offerings, carries them through a two year sentence more economically. It is nice knowing that one can purchase a device that grows into upcoming technology. That is the fallacy of Apple. Apple tells the consumers what they need. Competitors prepare their devices for the near future. My friend bought an iphone 5 thinking NFC was a niche play. He returned it and purchased an Android due to the shear convenience of knowing it was there. John B.

23. InspectorGadget80 unregistered

Why should we care bout any company stocks?

17. techguy22

Posts: 227; Member since: Aug 09, 2012

good for apple. i still dont like their IOS, how they treat their competitor, but they know how to make money, no need to fight,

8. Jonathan41

Posts: 532; Member since: Mar 22, 2012

Huge profit margins usually have that effect.

7. torr310

Posts: 1751; Member since: Oct 27, 2011

Apple knows how to make money. Period. I hate proprietary and don't want to threw my money to Apple. Period.

6. OhSo3D

Posts: 39; Member since: Feb 22, 2011

I'm not an Apple fanboy by any means, but all I have to say is good for them. They're a company & succeed in what they do. I don't see the need to fight about which company is the best every time the opportunity comes along. But hey, that's just me.

3. Shino

Posts: 196; Member since: Jul 23, 2012

You are damn right, buddy! Apple kicks ass! I really wonder why they just don't buy Google and MS and get over with it? :)

18. darkkjedii

Posts: 31817; Member since: Feb 05, 2011

Now that's gonna really get the fandroids up in arms lol. +1 lol

22. Tele7

Posts: 47; Member since: Dec 12, 2012

Because Apple would find itself in the middle of an anti-monopoly proceeding

2. darthinvader

Posts: 63; Member since: Sep 18, 2012

Did he say Innovation?? Ya right.. :P

29. MrJerry

Posts: 403; Member since: Oct 05, 2012

I was possitive until I read the last paragraph lol

1. Ninetysix

Posts: 2967; Member since: Oct 08, 2012

That's more than Google + MS profits combined. But heey...Apple is dying right? Hate to say it to you fandroids but Apple is here to stay.

4. HDShatter

Posts: 1021; Member since: Jan 17, 2013

Apple shoudln't even be considered a featured phone, they worse than mid end android phones nowadays that go for $100 on contract.

9. darkkjedii

Posts: 31817; Member since: Feb 05, 2011

Uh huh yepper, buddy. Stop hating, and just given credit where it's due. Apple is a juggernaut, not better than, not worse than any other company but a damned good one.

14. darkkjedii

Posts: 31817; Member since: Feb 05, 2011

Ohhh and two more things, apples not a phone it's a company dude. They worse...should've been they're worse. Ya know for future references...

30. Dr.Phil

Posts: 2579; Member since: Feb 14, 2011

1st comment: give* damn* 2nd comment: Apple is* reference* Both comments have other grammatical mistakes that would result in almost every sentence being revised. Just thought I would do this because "ya know for future references..."

34. darkkjedii

Posts: 31817; Member since: Feb 05, 2011

Man U got me with that one. As they say in baseball I need a do over. Why would u say every, and both though? Also, Apple isn't a phone it's a company. I screwed up on damned, but given is actually give I just hit n instead of the space bar.

42. Dr.Phil

Posts: 2579; Member since: Feb 14, 2011

It's "both comments" and "every sentence" in those comments. Also, I was correcting "apples" to "Apple is" (I am guessing you meant to put "Apple's" as a way to say "Apple is" but that would still be wrong since it is not a contraction). If you place the correction in the sentence it would be "Apple is not a phone, it's a company."

52. Commentator

Posts: 3723; Member since: Aug 16, 2011

darkkjedii, for the ease of reading, please refrain from using "Man U." It doesn't take much longer to type out "Manchester United," and it helps to avoid confusion.

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