Apple Reports 37.4 Million iPhones Sold In Q2 2013

Apple has just released its regular press release, revealing financial results for its fiscal 2013 second quarter ended March 30, 2013. The quarterly revenue is reported to reach $43.6 billion and ($39.2 billion last year) quarterly net profit - $9.5 billion ($11.6 billion last year), or $10.09 (last year) per diluted share. 

Gross margin was 37.5 %, compared to 47.4% in the year-ago quarter. As for the international sales, they accounted 66% of the Q2 revenue.

The company also noted that 37.4 million iPhones were sold in the quarter, while the year-ago quarter figures show 35.1 million sold devices. As for the iPads – Apple sold 19.5 million units, compared to 11.8 million sold last year.

Tim Cook, Apple’s CEO comments:

“We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad. Our teams are hard at work on some amazing new hardware, software, and services and we are very excited about the products in our pipeline.”

Peter Oppenheimer, CFO of Apple said: 

“Our cash generation remains very strong, with $12.5 billion in cash flow from operations during the quarter and an ending cash balance of $145 billion.”

As for the guidance for its fiscal 2013 third quarter, Apple provides the following projections:

revenue between $33.5 billion and $35.5 billion
gross margin between 36 percent and 37 percent
operating expenses between $3.85 billion and $3.95 billion
other income/(expense) of $300 million
tax rate of 26%

Check the full financial results for Apple's fiscal 2013 second quarter here. The Q1 2013 results for comparison are available here.



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