Apple posts $54.51 billion in first-quarter revenue
Wednesday, January 23, 2013 @ 4:41pm
| Apple is reporting $54.5 billion in revenue and $13.1 billion in net profit for its fiscal first quarter, which ended in December. The company pulled in $13.81 in earnings per share, and sold 47.8 million iPhones, plus 22.9 million iPads, 4.1 million Macs, and 12.7 million iPods. Gross margin was valued at 38.6 percent. Looking ahead to the second quarter, Apple is guiding revenue expectations to between $41 billion and $43 billion, and gross margin to between 37.5 and 38.5 percent.
The figures have already met with mixed reactions from investors, owing to declines in some figures. EPS is down from $13.87 in Q1 2012, although net profit has remained the same. Similarly, gross margin has shrunk from 44.7 percent, and both Mac and iPod sales are down, sliding from 5.2 million and 15.4 million respectively.
At the same time, however, iPhones are up from 37 million, and iPad sales have grown from 15.4 million. The company moreover notes that weekly revenue has risen from $3.3 billion to $4.2, and that it generated $23 billion in cash flow.
International sales (outside the US) represented 61 percent of revenue. Apple is reminding investors that a $2.65-per-share cash dividend is coming on February 14th to people who are registered shareholders by the end of the February 11th business day.