Apple Reports Fiscal Year 2013 Third Quarter Financial Results, Sell Record Number of iPhones
Subject: General Tech | July 24, 2013 - 10:48 AM | Tim Verry
Tagged: OS X, mac, iphone, financial results, apple
Apple announced its financial results for its fiscal year 2013 Q3 yesterday, and it performed well. Note that Apple’s fiscal Q3 2013 quarter ended on July 29, 2013.
Apple reported fiscal Q3 2013 revenue of $35.3 billion, and net profit of $6.9 billion. That works out to $7.47 per diluted share. During this quarter, Apple held its annual WWDC, and announced new operating systems for both its mobile and desktop products. The company sold 31.2 million iPhones (a record for Q3) 14.6 million iPads, and 3.8 million Macs. It sold slightly fewer iPads and Macs than the same quarter last year, but significantly more iPhones.
Compared to the same quarter last year, Apple increased overall revenue but saw less net profit and EPS. In fiscal Q3 2012 Apple has revenue of $35 billion, net profit of $8.8 billion, and EPS of $9.32 per diluted share. In FY Q3 2012, Apple sold 26 million iPhones, 17 million iPads, and 4 million Macs.
|FY'13 Q3||FY'12 Q3 (YoY)||Future Outlook|
|Revenue||$35.3 billion||$35 billion||$34 to $37 billion|
|Net Profit||$6.9 billion||$8.8 billion|
|Gross Margin||36.9%||42.8%||36 to 37%|
|iPhones Sold||31.2 million||26 million|
|iPads Sold||14.6 million||17 million|
|Macs Sold||3.8 million||4 million|
Apple has announced, as a result of its third quarter performance, a $3.05 dividend per common stock to be paid on August 15, 2013. It had $7.8 billion cash flow in FY 2013 Q3 and returned $18.8 billion of cash to shareholders in the form of dividends and share repurchases.
According to Apple, the company's outlook for its fourth quarter is promising, with expected revenue between $34 billion and $37 billion with a gross margin of between 36% and 37%. Apple expects to release both iOS 7 and OS X Mavericks later this year along with new products (like the new Mac Pro) this fall and next year.