Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Apple

 

Apple Reports Financial Results for its Fiscal 2013 Fourth Quarter

Apple’s financial state in the fourth quarter of 2013 is looking up for revenue but down for profits. The profits raked in amounted to $7.5 billion or $8.26/share while revenue of $37.5 billion is earned.

1 Updates
Apple Reports Financial Results for its Fiscal 2013 Fourth Quarter
Photo Credit: Getty Images
 
 

YouTube Videos Comments

Full Story

Apple Reports Financial Results for its Fiscal 2013 Fourth Quarter

Today, Apple released its financial report for the fourth quarter of 2013. The end of the year results speak for themselves. It showed definite progress for the high tech giant. On the revenue of $37.5 billion, it amassed profits which reached $7.5 billion. As for gross margin, it stood at 37%. Compare this with the 40% achieved in the last quarter of 2012 and you get a pretty good idea of what a difference a year has made for Apple. 

The firm owns $146.8 billion in cash assets and market securities. What this means is that Apple is safe and sound from any economic shocks. That may be one reason why a dividend payment of $3.05 per share was decided upon by Apple. Its operations furthermore lent it $9.9 billion. 

Apple’s CEO, Tim Cook said,“We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones. We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS.”

The sales of devices were plenty for Apple. Over $170.9 billion worth of products were literally snatched off the shelves. While the sales of Macs and iPods were the lowest ever, the sales of iPhones reached 150 million. These iPhones sold a total of 25 million in 2012. 

Finally, coming to the iPads, 71 million got bought from stores for a price of course. Over 169.2 million tablets were purchased by Apple lovers too. It has been a monumental year for Apple and it has ended on a positive note. While the revenues have risen, some of the profits have tapered. But that is not a problem for Apple which has a backlog of support both financial and technological to rely on. 

Apple’s CFO, Peter Oppenheimer said, “We generated $9.9 billion in cash flow from operations and returned an additional $7.8 billion in cash to shareholders through dividends and share repurchases during the September quarter, bringing cumulative payments under our capital return program to $36 billion.”

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

George W. Bush made a Funny Ice Bucket Challenge Video
George W. Bush made a Funny Ice Bucket Challenge Video
Even former US presidents get into the viral Ice Bucket Challenge. Watch George W. Bush getting a cold shower below.
 
 
Nicki Minaj Anaconda Beats Miley Video Record
Nicki Minaj Anaconda Beats Miley Video Record
Nicki Minaj's Butt beats Miley Cyrus naked body in music video showdown of the year.
 
 
Miranda Lambert Promotes Crystal Light Randarita Drink
Miranda Lambert Promotes Crystal Light Randarita Drink
Is the Randarita really a drink for a country girl? I am not sure. It is definitely not something I would drink ever.
 
 
Jennifer Lopez: Jenny is Worth Every Penny
Jennifer Lopez: Jenny is Worth Every Penny
The Luscious Latina with Lots of Luck and the Lovely Looks of a Lithe Lady
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.