Apple Q4 Earnings Call: $37.5b revenue, $7.5b profit, 14.1m iPads sold, 33.8m iPhones

Screen Shot 2013-10-28 at 5.20.55 PMApple’s earnings call is currently going on, and we have some numbers on how many devices have been sold over the past quarter, which is the August to October timeframe. When it comes to Apple’s tablet selection, 14.1 million of those were sold, up from 14 million a year ago. iPhones set a September quarter record with 33.8 million devices sold, up substantially from 26.9 a year ago. In terms of revenue, Apple saw $37.5 billion in revenue, up from $36 billion, however net profit dropped from $8.2 billion a year ago to $7.5 billion this year. Apple’s press release regarding the earnings call can be found below.

CUPERTINO, California—October 28, 2013—Apple® today announced financial results for its fiscal 2013 fourth quarter ended September 28, 2013. The Company posted quarterly revenue of $37.5 billion and quarterly net profit of $7.5 billion, or $8.26 per diluted share. These results compare to revenue of $36 billion and net profit of $8.2 billion, or $8.67 per diluted share, in the year-ago quarter. Gross margin was 37 percent compared to 40 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.

The Company sold 33.8 million iPhones, a record for the September quarter, compared to 26.9 million in the year-ago quarter. Apple also sold 14.1 million iPads during the quarter, compared to 14 million in the year-ago quarter. The Company sold 4.6 million Macs, compared to 4.9 million in the year-ago quarter. 

Apple’s Board of Directors has declared a cash dividend of $3.05 per share of the Company’s common stock. The dividend is payable on November 14, 2013, to shareholders of record as of the close of business on November 11, 2013.

“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.”

“We generated $9.9 billion in cash flow from operations and returned an additional $7.8 billion in cash to shareholders through dividends and share repurchases during the September quarter, bringing cumulative payments under our capital return program to $36 billion,” said Peter Oppenheimer, Apple’s CFO.

Apple is providing the following guidance for its fiscal 2014 first quarter:

  • 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
  • tax rate of 26.25 percent

Apple will provide live streaming of its Q4 2013 financial results conference call beginning at 2:00 p.m. PDT on October 28, 2013 at www.apple.com/quicktime/qtv/earningsq413. This webcast will also be available for replay for approximately two weeks thereafter.

Overall, it seems to be a healthy quarter for the company, aside from the net profit going down. However that is something that seems to happen this time of year as people wait to buy the new devices that are expected to be announced, which includes the new iPads that will be coming next month. Also, with supply of the iPhone 5s being limited at launch, there may be a chance that those numbers could have been higher had that not been the case.

This wraps up Apple’s fiscal 2013 year with some quite impressive numbers. iPhones ended up selling 150.2 million devices, iPads would see sales of 71.1 million, 16.5 million Macs, and 26.4 million iPods. Total sales topped at $170.9 billion, which left profits an astounding $37 billion. Those numbers are by no means small, and by no means does Apple seem doomed.

AppleFiscal2013_610x359What do you think? Is Apple doomed?! Not at all. Let us know what you think in the comments, or tweet me @TiP_Kyle.

Via: Apple

 

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