14 DAY TRIAL // Apple has disclosed the financial results of its third fiscal quarter this year, posting a record number of iPhones sold, but also fewer than expected iPad sales.
In total, Apple amassed $35.3 billion / €26.7 billion in revenue and net profit of $6.9 billion / €5.22 billion (compared to revenue of $35 billion / €26.4 billion and net profit of $8.8 billion / €6.66 billion in the year-ago quarter).
31.2 million iPhones were sold in the quarter, a record number according to Apple, compared to the 26 million shipped in the same time frame last year.
On the tablet front, Apple sold 14.6 million iPads (down 2.6 million from the year-ago quarter). In the Mac department, Apple sold 3.8 million full-fledged computers, compared to 4 million in Q3 2012.
Commenting on the numbers, Apple CEO Tim Cook said, “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.”
“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,” he noted.
As usual, Apple’s Chief Financial Officer, Peter Oppenheimer, is also quoted in the press release.
Regarding the disclosures, Oppenheimer addressed investors stating that Apple generated $7.8 billion (€5.90 billion) in cash flow from operations during the quarter and that the company is “pleased to have returned $18.8 billion [€14.23 billion] in cash to shareholders through dividends and share repurchases.”
For its next fiscal quarter (Q4 2013), Apple provided the following guidance to investors:
- revenue between $34 billion / €25.7 billion and $37 billion / €28 billion - gross margin between 36 percent and 37 percent - operating expenses between $3.9 billion / €2.95 billion and $3.95 billion / €2.99 billion - other income/(expense) of $200 million / €151 million - tax rate of 26.5%