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Apple Reports Fourth Quarter Results

[Techtaffy Newsdesk]

Apple announced financial results for its fiscal 2012 fourth quarter ended September 29, 2012. The company posted quarterly revenues of $36.0 billion and quarterly net profits of $8.2 billion, or $8.67 per diluted share. These results compare to revenue of $28.3 billion and net profit of $6.6 billion, or $7.05 per diluted share, in the year-ago quarter. Gross margin was 40.0 percent compared to 40.3 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.

Apple sold 26.9 million iPhones in the quarter, representing 58 percent unit growth over the year-ago quarter. It sold 14.0 million iPads during the quarter, a 26 percent unit increase over the year-ago quarter, and 4.9 million Macs during the quarter, a 1 percent unit increase over the year-ago quarter. Apple sold 5.3 million iPods, a 19 percent unit decline from the year-ago quarter.

Peter Oppenheimer (CFO, Apple): We’re pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012.  Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75.

Apple’s Board has declared a cash dividend of $2.65 per share of the company’s common stock. The dividend is payable on November 15, 2012, to shareholders of record as of the close of business on November 12, 2012.

Upload: 10-28-12

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