Apple Announced Best Quarterly Results In Q1 2013

Today Apple announced financial results for the first fiscal quarter of 2013. For this quarter, Apple posted net quarterly profit of $13.1 billion, revenue of $54.5 billion and $13.81 per diluted share compared to net profit of $13.06 billion, revenue of $46.33 billion and $13.87 per diluted share in the first quarter of 2012. Apple’s quarterly revenue and profit were both all-time records, but analyst Philip Elmer-Dewitt had predicted even slightly higher results.

Gross margin for the first quarter was 38.6% as compared to 44.7% in the same quarter a year ago, and international sales represented 61% of revenue. Apple currently owns $137.1 billion in marketable securities and cash.

iPhone unit sales in the quarter reached 47.8 million (37 million in the quarter a year ago), while iPad unit sales reached 22.9 million compared to 15.4 million units sold a year ago. Apple sold 12.7 million iPods (15.4 million in the first quarter of 2012), and 4.1 million Macs (5.2 million a year ago). The company set new quarterly sales records for both iPad and iPhone.

“We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter,” said Tim Cook, Apple’s CEO. “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’s guidance for the second fiscal quarter includes estimated revenue of $41-$43 billion.