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Apple Reports Fourth Quarter Results

Apple

Apple reported financial results for its fiscal 2013 fourth quarter ended September 28, 2013. The company posted quarterly revenue of $37.5 billion and quarterly net profit of $7.5 billion, or $8.26 per diluted share. These results compare to revenue of $36 billion and net profit of $8.2 billion, or $8.67 per diluted share, in the year-ago quarter. Gross margin was 37 percent compared to 40 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.

Apple sold 33.8 million iPhones, compared to 26.9 million in the year-ago quarter. Apple also sold 14.1 million iPads during the quarter, compared to 14 million in the year-ago quarter. The company sold 4.6 million Macs, compared to 4.9 million in the year-ago quarter.

Apple will pay a cash dividend of $3.05 per share of the company’s common stock. The dividend is payable on November 14, 2013, to shareholders of record as of the close of business on November 11, 2013.

Apple generated $9.9 billion in cash flow from operations and returned an additional $7.8 billion in cash to shareholders through dividends and share repurchases during the September quarter, bringing cumulative payments under our capital return program to $36 billion.

Apple is providing the following guidance for its fiscal 2014 first quarter:

  • Revenue between $55 billion and $58 billion
  • Gross margin between 36.5 percent and 37.5 percent
  • Operating expenses between $4.4 billion and $4.5 billion
  • Other income/(expense) of $200 million
  • Tax rate of 26.25 percent

[Image courtesy: Apple]

Upload: 11-01-13

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