Post Top Ad

Post Top Ad

Apple Third Quarter Financial Results Available

Apple has just reported its Q3 results, unveiling sales of 31 million iPhones set for the new June quarter record! Compared to last’s years data (revenue of $35 billion and net profit of $8.8 billion, or $9.32 per diluted share) the company has announced quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share. As for the gross margin, it was 36.9 % compared to 42.8 % in the year-ago quarter. The official press release by Apple reads:

“ The Company sold 31.2 million iPhones, a record for the June quarter, compared to 26 million in the year-ago quarter. Apple also sold 14.6 million iPads during the quarter, compared to 17 million in the year-ago quarter. The Company sold 3.8 million Macs, compared to 4 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 August 15, 2013, to shareholders of record as of the close of business on August 12, 2013.”

Tim Cook says the company is especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue 

“We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014.”

As for Peter Oppenheimer, Apple’s CFO, he said the company generated $7.8 billion in cash flow from operations during the quarter and will return $18.8 billion in cash to shareholders through dividends and share repurchases.

Below you’ll find the shot guidance for Apple’s fiscal 2013 fourth quarter, while the full report is available here.
Apple is providing the following guidance for its fiscal 2013 fourth quarter:
revenue between $34 billion and $37 billion
gross margin between 36 percent and 37 percent
operating expenses between $3.9 billion and $3.95 billion
other income/(expense) of $200 million
tax rate of 26.5%