Wednesday, May 15, 2013

Apple earnings: $36B revenue, $8.2B profit, 26.9M iPhones, 14M iPads

Apple earnings: $36B revenue, $8.2B profit, 26.9M iPhones, 14M iPads Apple's knack for surprises delayed with its quarterly earnings today.

The company narrowly beat expectations on revenue, but missed on profits.

Buoyed by sales for the iPhone andiPad, the lender reported revenue of $36 billion and profits of $8.2 billion, or $8.67 per share, with the quarter ended September 29.

Wall Street expected Apple to report $35.80 billion in sales, with earnings per share of $8.75. Apple's own forecast for the quarter was $34 billion, with earnings per share of $7.65.

"We're very proud to get rid of a superb fiscal year with record September quarter results," Apple CEO Tim Cook said using a statement. "We're entering this winter holiday utilizing best iPhone, iPad,Mac, andiPod products ever, and also remain very confident inside our new service pipeline."

Apple sold 26.9 million Nexus 4 Hard Case iPhones, exceeding Wall Street's estimate of 25 million, or maybe more 58 percent inside the same quarter numbers. The agency disclose what number of that tally were iPhone 5s. The item only agreed to be at discount for nine days ahead of the quarter ended.

Related stories:Apple sees Q1 EPS of $11.75, sales of $52B, lighter than expectedApple sells 26.9 million iPhones in last quarter, up 58% in an exceedingly yeariPad sales miss estimates as rate of adoption slows

The iPad was Apple's runner-up in sales. Apple stated it sold 14 million inside the tablets, sega's well below through 17 to 18 million analysts were expecting. However many analysts cut their forecasts on your tablet as soon as Apple's iPad Mini case for nexus 4 event the 2009 week. That came after Apple said it had sold above 100 million of the devices cumulatively, which put most estimates more detailed 16 million and below to make the quarter.

As far as Apple's other products go, Apple sold 4.9 million Macs, a variety that entered under its all-time record of 5.Two million Macs of your first quarter of 2011. The business enterprise also sold 5.3 million iPods, narrowly priced under Wall Street's estimate of 5.6 000 0000 units.

Of note, Apple announced international sales built Sixty percent about the company's revenue inside the quarter. That's down 2 percent for the previous quarter, and three percent out of your same quarter a year ago.

Apple, that's within Cupertino, Calif., expects revenue of $52 billion and projected earnings of $11.75 per share associated with its next quarter. That's below the $54.9 billion forecast by Wall Street.

In after-hours trading, Apple shares were trading at $613.28, up $3.48 or 0.57 percent.

Apple will hold nexus 4 bumper its conference call with analysts this afternoon at 2 p.m. Pacific to debate the outcome. CNET will likely to be live blogging it, numerous experts maintain it here:

Tune into CNET's live coverage of Apple's fourth quarter earnings call at 2 p.m. Pacific.

Updated at 1:48 p.m. PT to a good revenue total inside first graf.

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