Apple Q3 2013 Earnings: Revenue $35.3 Billion, EPS $7.47

Posted on Jul 24 2013 - 2:03am by Editorial Staff

Apple HQ

Apple today announced its third quarter earnings ended June 29, 2013 with posting revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share. The company sold 31.2 million iPhones, 14.6 million iPads, 3.8 million Macs.

The company’s Board of Directors has declared a cash dividend of $23.05 per share of the company’s common stock which will be payable on August 15, 2013 to shareholders of record as of the close of business on August 12, 2013.

“We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services,” said Tim Cook, Apple’s CEO. “We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014.”

For the fourth quarter, Apple provided the following guidance: revenue would be between $34 billion and $37 billion, gross margin between 36 percent and 37 percent, operating expenses between $3.9 billion and $3.95 billion and other income/(expense) of $200 million.

Photo Credit: Flickr/Andy on Flickr

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.