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Thursday, January 24, 2013

Apple reports record quarterly results with almost 50 million iPhones sold

Apple announced financial results last night for the 13-week period until 29th December 2012, the first quarter of its 2013 financial year. Quarterly revenue reached a company record of $54.5 billion (£34.4 billion) while net profit was $13.1 billion. That’s an 18% year-on-year increase in revenue, although the profit figure was almost unchanged. Non-US sales accounted for 61% of revenue.

47.8 million iPhones were sold in the quarter - a new quarterly record, up 29% from 37 million year-on-year - while iPad sales were boosted by the iPad mini and reached a new record of 22.9 million units (up 48%).

Tim Cook

Tim Cook

Mac sales were down 22% to 4.1 million computers and iPod sales were down 18% to 12.7 million.

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

The company expects to generate revenue of between $41 billion and $43 billion during the current quarter, which is Q2 of its current financial year.

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Author: The Fonecast
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