Apple today reported its fourth quarter 2013 earnings for the period ending September 28, 2013. The company posted the revenue of $37.5 billion while the net profit for the quarter was $7.5 billion or $8.26 per diluted share. Gross margin reported was 37 percent while the international sale accounted for 60 percent of the quarter’s total revenue. The Company sold 33.8 million iPhones, 14.1 million iPads during the quarter and 4.6 million Macs during the quarter.
“We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones,” said Tim Cook, Apple’s CEO. “We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS.”
For its fiscal 2014 first quarter, the company is expecting to generate 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 and tax rate of 26.25 percent.
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