Breaking: Apple Posts Q1 2013 Results, $54.5B Revenue, $13.1B Profit, $13.81 EPS, 47.8M iPhones Sold

Posted on Jan 24 2013 - 3:08am by Editorial Staff
Apple

Apple today posted its first quarter 2013 results with $54.5 billion in revenue, an up of 17.7%, $13.1 billion in profit, $13.81 as earnings per share. The company missed street estimates on the revenue figures, but beat on profit numbers.

The Cupertino-based has sold 47.8 million iPhones, an up of 23% year over year, 22.9 million iPads, up 33% year over year, 4.1 million Macs, down 22% when compared to Q1 2012, 12.7 million iPod sold, down 18% year over year.

“We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter,” said Tim Cook, Apple’s CEO. “We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.”

For the fiscal 2013 second quarter, the company is expecting the following:

  • revenue between $41 billion and $43 billion
  • gross margin between 37.5 percent and 38.5 percent
  • operating expenses between $3.8 billion and $3.9 billion
  • other income/(expense) of $350 million
  • tax rate of 26%
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Editorial Staff

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