Apple yesterday 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
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