Apple Reports Q2 2013 Results: Revenue $43.6B, EPS $10.09

Posted on Apr 24 2013 - 2:01am by Editorial Staff

Apple today reported its second quarter 2013 results with revenue of $43.6 billion in the quarter while earnings per share were $10.09. The company posted $9.5 billion in profit.

Interestingly, the results beats estimates as analysts predicted that Apple’s revenue for the quarter would be $41.82, with earnings of $9.92 per share.

Apple sold 37.4 million iPhones and 19.5 million iPads during this quarter while sold ‘just under’ 4 million Macs from last year’s 4 million during the quarter and 5.6 million iPods.

“We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad,” said Tim Cook, Apple’s CEO. “Our teams are hard at work on some amazing new hardware, software and services, and we are very excited about the products in our pipeline.”

“Our cash generation remains very strong, with $12.5 billion in cash flow from operations during the quarter and an ending cash balance of $145 billion,” said Peter Oppenheimer, Apple’s CFO.

For the third quarter, Apple sees revenue in the range of $33.5 billion to $35.5 billion while gross margin expected to be between 36% to 37%.

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