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



1. Ninetysix

Posts: 2966; 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: 31752; 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: 31752; 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: 2512; 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: 31752; 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: 2512; 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.

58. darkkjedii

Posts: 31752; Member since: Feb 05, 2011

Man U. Man U. Man U. Man U. I refrained.

5. nwright94 unregistered

No matter what kind of profits Apple posts, the apple is doomed posts won't stop. It's just how the Internet works :p

10. darkkjedii

Posts: 31752; Member since: Feb 05, 2011

Thank u for your keen observation. What's incredible is that, this is the same stuff u would've been saying if their earnings report would've been abysmal. Hate apple all u want, but lots of people love iOS devices, so get over it dude.

13. nwright94 unregistered

Wait, you misunderstood me. I wasn't bashing Apple, I was pointing out how people on the Internet work. I own an iPhone 5 and love it and if you go to some other articles, you'll see I'm anything but an apple hater. I was being humorous in my original post.

15. darkkjedii

Posts: 31752; Member since: Feb 05, 2011

Then u have my apologies for my misunderstanding. I'm man enough to admit if I'm wrong...I apologize

21. nwright94 unregistered

It's all good, it may of came across as bashing but I meant it purely as sarcasm haha. Should've added the /s :)

25. darkkjedii

Posts: 31752; Member since: Feb 05, 2011

On this site the droiders have overran it with negativity.

43. nwright94 unregistered

I'm not even saying anything negative against android and the thumbs down are rolling in :/ they really need to keep tabs on their own website, their community is a mess.

47. darkkjedii

Posts: 31752; Member since: Feb 05, 2011

They thumb u down just because you don't think Apple. Even if you love android but don't hate Apple and say something not against Apple u still will get a thumb down from the droiders on this site

11. blazee

Posts: 414; Member since: Jan 02, 2012

youre right


Posts: 2315; Member since: Jul 30, 2011

Unfortunately, this report was written for investors and, therefore, is fabricated to make stocks soar, which usually happens after every Apple fabricated announcement. Fear not, Apple's 4.1" Iphone 5S and Iphone Mathematics will fail grotesquely.

16. darkkjedii

Posts: 31752; Member since: Feb 05, 2011

AWWWWW SHUTUP. u sound like a fake super hero...fear not? Who even says that anymore. Fear not Samsung for I'm super papinyc, and I will save thee. Get lost.

20. Ninetysix

Posts: 2966; Member since: Oct 08, 2012

Except their stocks plummeted after the announcement. But know everything right broski?

56. rusticguy

Posts: 2828; Member since: Aug 11, 2012

But stocks are soaring southward :D

19. p0rkguy

Posts: 685; Member since: Nov 23, 2010

Hate to say it but Apple's currently at 458.78 after hours. ;)

33. infinitemethod

Posts: 151; Member since: Sep 04, 2012

Apparently they are dying. Look at their stock prices.


Posts: 1461; Member since: Mar 09, 2010

Apple stock fell to $458.00 today as I predicted that if the stock failed $485.00 panic would set in and if so fail the $485.00 pivot to a lower downside target. Apples earnings were record However they missed their revenue projection on lower margins which means their business model is collapsing. I predicted that Apple was in a wave 5 top months ago and said wave C would unfold just like this if indeed it was a wave 5 top. One of you asked if I would bet my rep on this and as you see it is untarnished. see below link This is not hate on Apple it is merely technical stock market projections that only pros and analyst use. I also teach and host classes on this in IHUB. Apple a great revolutionary company that has a unique product reached its peak last year, ans with no revolutionary products and many law suits to stomp competition rather than to keep innovating is why they follow rather than lead. They lost focus on the target and made incremental strides in product development, while Android handset makers began to push the envelope and lead. An example of this would be Samsung and its note, and Galaxy S3 with larger screen and more relevant software implementation. Now they follow Android ie drop down menu, and too late too little screen size increase that was still too small for some iPhone users.

37. Hemlocke unregistered

Your "analysis" has another name: "A guess." Given the empirical evidence, nobody could have, or would have, predicted this kind of drop. The drop is purely speculation and price manipulation. Look at the gross number of $500 strike buys last Friday, and the company's financials, and tell me this is anything other than market manipulation. Their financials are off the charts, but there isn't as much money to be made for the Street if it hovers in dangerous territory ($700 for tech stocks definitely qualifies). No, this valley gives a lot of investors the in to buy and ride back up to the peak. Lather, rinse, repeat.


Posts: 1461; Member since: Mar 09, 2010

Guess my friend...wake up to the world of technical analysis. How do you think analyst play the stock market, by hope and guessing. Elliot wave and pivot points are the only way to invest with P/E ratios and other fundamentals that go hand in hand with trading. Give me a stock and I will chart it and tell you what it will do with out fail. You are foolish if you believe I made a lucky guess. I post to twitter and have followers even when I haven't posted new charts because my charts are award winning according to true technical traders traders.


Posts: 1461; Member since: Mar 09, 2010

If you look at the reports of Samsung sales and the iPhone's sales drop overseas you could see the writing on the wall. Not to mention 700 was a 14.382 expansion of wave 3 600 top. Wave 5 was $700.00 and that is that. You have no idea about how technical s worked for if you did you would not say I guessed when I laid the numbers out ahead of time. DOH! "IF" the iPhone 5s sucks they will lose even more ground to other OS phones.


Posts: 1461; Member since: Mar 09, 2010

I just wanted to correct post 41 where 700 was called a 1.382 when in fact it was just short of 1.618 Elliot wave expansion wave 5 top


Posts: 1461; Member since: Mar 09, 2010

Apple S2 pivot is $446 and its true pivot is 517.00 So I can tell you Apple looks to hold $446.00 and if it doesn't it will hit the $300's. Apple $638.00 top to $517.00 retrace in August had a wave 5 1.618 of 712 and it hit 701 and failed miserably. $517.00 to $701 has a 1.382 Elliot wave retrace of $446.00. which is the daily S2 pivot retrace. Sooooo if I wanted Apple the long set up is in this area. So since the strikes as you said was in this area it is because technical shorts bought them in anticipation. Now go to any stock chart analyst and let them read this and they will tell you I am correct.,,,,,genius Also to correct e=my earlier post 701 was just under a 1.6187 expansion of the 638 top

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