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You are here: MacNN Forums > News > Tech News > Apple Q2 results show $43.6 billion in revenue, 37.4 million iPhones

Apple Q2 results show $43.6 billion in revenue, 37.4 million iPhones
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MacNN Staff
Join Date: Jul 2012
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Apr 23, 2013, 05:18 PM
 
Apple has posted the results of its fiscal second quarter, which ended in March. The company reaped $43.6 billion in revenue, up 11 percent year-over-year. Net income was $9.5 billion, or $10.09 per share. That's down, however, from Q2 2012, when Apple posted net income of $11.6 billion with $12.30 in EPS. During the latest quarter, Apple recorded sales of 37.4 million iPhones, 19.5 million iPads, and approximately 4 million Macs. Gross margin was 37.5 percent, at the low end of earlier guidance.


The company is raising its quarterly dividend by 15 percent, to $3.05 per share. It has also promised to add $50 billion to its current $10 billion share buyback program, and says it will use about $1 billion each year to "net-share-settle vesting restricted stock units." In all about $100 billion is expected to be returned to shareholders by 2015.

To finance the returns Apple says it will have to go into debt; more details on the plan will be announced later. For the third quarter, the company is guiding to flat revenues between $33.5 billion and $35.5 billion, with gross margins around 36 to 37 percent. Analysts have generally been calling for $38 billion revenue, and margins of 38 to 39 percent.

The Q2 numbers may disappoint financial analysts, despite showing overall success for Apple. Both the iPhone and iPad in fact outperformed consensus forecasts, which had called for 36 million and 18.3 million units, respectively.
     
Fresh-Faced Recruit
Join Date: Sep 2007
Location: USA
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May 5, 2013, 02:31 PM
 
WOW, now that was not worth reading. Bla, bla, bla numbers with no meaning. Gee why should a january quarter be less than a Christmas quarter..... who would have ever expected it.....
Reality, what a concept! :-)
     
   
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