Apple Reports Record Revenue, but Stock Tanks

Apple Q1 2013 earnings numbers contain record revenue, but flat profits. AAPL drops in after hour trading by 10%.

Jan 24 2013, 1:48am CST | by Luigi Lugmayr

4 Updates

Apple's highly anticipated earning numbers for the Holiday quarter 2012 are in. There are new records but also missed expectations sending the stock down by almost 10% in after hour trading.The...

Drop to Full Story below YouTube Videos

Updates to this story

8 Tech Execs Whose Trash-Talking Blew Up In Their Faces (ORCL, HPQ, NOK, VMW, AAPL, YHOO)

Source: Silicon Alley Insider

Tech execs just love mixing it up with their rivals. Maybe it has something to do with the lack of sleep they get, or the drudgery of spending large portions of their lives making and giving PowerPoint presentations. Wha ...
Full article at: Silicon Alley Insider More like this 9 hours ago

Update: 3

Quote:
"These stats really illustrate how much consumers value mobile gaming apps ... Not only are freemium games popular, but users are more than willing to pay for the privilege of playing top games, as well. Mobile games are generating billions in revenues for both Apple and game developers."

Source: iStockAnalyst

Update: 2

After-Hours Buzz: CSCO, AAPL, TSLA & More

Source: CNBC

Check out which companies are making headlines after the bell Wednesday: Cisco - The networking equipment manufacturer reported earnings of 51 cents a share, excluding one-time items, on revenue of $12.22 b ...
Full article at: CNBC More like this 13 hours ago, 4:32pm CDT

Update: 1

AAPL Youtube Videos

Short AAPL at 460.71 enjoy

Apple (AAPL): A Deep Value Investor's Analysis

5-6-2013 $AAPL Bottomed? Exploring Bullish Arguments

See all AAPL videos

Full Story

Apple Reports Record Revenue, but Stock Tanks

Apple's highly anticipated earning numbers for the Holiday quarter 2012 are in. There are new records but also missed expectations sending the stock down by almost 10% in after hour trading.

The Company posted record quarterly revenue of $54.5 billion and record quarterly net profit of $13.1 billion, or $13.81 per diluted share. These results compare to revenue of $46.3 billion and net profit of $13.1 billion, or $13.87 per diluted share, in the 14-week year-ago quarter. Gross margin was 38.6 percent compared to 44.7 percent in the year-ago quarter. International sales accounted for 61 percent of the quarter’s revenue.

Apple sold a record 47.8 million iPhones in the quarter, compared to 37 million in the year-ago quarter. Apple also sold a record 22.9 million iPads during the quarter, compared to 15.4 million in the year-ago quarter. The Company sold 4.1 million Macs, compared to 5.2 million in the year-ago quarter. Apple sold 12.7 million iPods in the quarter, compared to 15.4 million in the year-ago quarter.

Apple’s Board of Directors has declared a cash dividend of $2.65 per share of the Company’s common stock. The dividend is payable on February 14, 2013, to shareholders of record as of the close of business on February 11, 2013.

“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.”

“We’re pleased to have generated over $23 billion in cash flow from operations during the quarter,” said Peter Oppenheimer, Apple’s CFO. “We established new all-time quarterly records for iPhone and iPad sales, significantly broadened our ecosystem, and generated Apple’s highest quarterly revenue ever.”

Apple is providing the following guidance for its fiscal 2013 second quarter:

• revenue between $41 billion and $43 billion

• gross margin between 37.5 percent and 38.5 percent

• operating expenses between $3.8 billion and $3.9 billion

• other income/(expense) of $350 million

• tax rate of 26%

Via Apple.

where to buy

Buy from Amazon

Don't miss ...

Apple

iPhone 5 fully Unveiled

Luigi Lugmayr
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

blog comments powered by Disqus

Latest stories

Candy Crush Saga is world's most popular game
If you're a fan of mobile and Facebook games, then you've probably heard about Candy Crush, the insanely-addicting game that hit the world like a storm. In fact, the game is so addicting that it now has over 15 million...

Malaria Carrying Mosquitoes Attracted to Human Body Odor
Research points to new clues in the battle against Malaria. Mosquitoes that carry the disease have been found to be attracted to body odor exuded by human beings. In other words if your feet smell you are more likely to be bitten by a Malaria-carrying bug than if you happen to be squeaky clean.

Google previews new personalized Google Maps
Google spoke about a new Google Maps at Google I/O earlier today, one that would offer a different mapping experience to its users. The company took to the stage to preview the new Google Maps that has the capability to...

Samsung Publishes Controversial Samsung Evolution Kit Viral Video
Samsung makes us men look very bad in new viral video released yesterday to promote the new Samsung Evolution Kit for Smart TVs. It is funny though.

: Cannes 2013 29 images

360° Coverage Apple Reports Record Revenue, but Stock Tanks

Apple Reports Record Revenue, but Stock Tanks

Apple Q1 2013 earnings numbers contain record revenue, but flat profits. AAPL drops in after hour trading by 10%.

Updates to this story

Sponsored Update

Advertisement

Quote: "These stats really illustrate how much consumers value mobile gaming apps ... Not only are freemium games popular, but users are more than willing to pay for the privilege of playing top games, as well. Mobile games are generating billions in revenues for both Apple and game developers."

Apple Reports Record Revenue, but Stock Tanks

where to buy

Don't miss ...

Latest stories

More From the Web

Viral Stories

Viral Videos and Photos

The Hottest Cheerleaders of 2013

Share This Page

Viral Stories

Who is this Celebrity?

Victoria's Secret Fashion Show 2012

Subscribe to I4U News

Trending in News

Currently Trending

Featured hubs

Tags

Quote:
"These stats really illustrate how much consumers value mobile gaming apps ... Not only are freemium games popular, but users are more than willing to pay for the privilege of playing top games, as well. Mobile games are generating billions in revenues for both Apple and game developers."