Apple on Tuesday announced financial results for its fiscal 2013 second quarter ended March 30, 2013. The Company posted quarterly revenue of $43.6 billion and quarterly net profit of $9.5 billion, or $10.09 per diluted share. These results compare to revenue of $39.2 billion and net profit of $11.6 billion, or $12.30 per diluted share, in the year-ago quarter. Gross margin was 37.5 percent compared to 47.4 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.
The Company sold 37.4 million iPhones in the quarter, compared to 35.1 million in the year-ago quarter for a modest but welcome 7 percent uptick in unit sales and 3 percent in revenue. Apple also sold 19.5 million iPads during the quarter, compared to 11.8 million in the year-ago fiscal Q2 – an increase of 65 percent in unit sales and 40 percent in revenue year-over-year with the iPad mini now in the equation, and sold just under 4 million Macs, compared to 4 million in the year-ago quarter – a 2 percent decline in sales, but yieldiong a 7 percent increase in Mac revenue YoY (possibly reflecting sales of newer, higher-priced Retina MacBook Pro models).
iPod sales were off substantially, with 27 percent fewer units sold and iPod revenue down 20 percent YOY.
“We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad,” Tim Cook, Apples CEO said in a release. “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.”
“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,” added Peter Oppenheimer, Apple’s CFO.
Apple is providing the following guidance for its fiscal 2013 third quarter:
• 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%
Apple will provide live streaming of its April 23, 2013Q2 2013 financial results conference call at: http://www.apple.com/quicktime/qtv/earningsq213. This webcast will also be available for replay for approximately two weeks.