Apple Revenue at $54.5B for Holiday Quarter, 47.8M iPhones Sold - News

by William D'Angelo , posted on 23 January 2013 / 3,734 Views

Apple has released its financial results for its first quarter of 2013 fiscal year which ended December 29, 2012. Revenue for the 13 week period reached $54.51 billion, up from $46.33 billion the same quarter a year ago. Profits for the quarter were $13.08 billion, up slightly from $13.06 billion during the same quarter last year.

Apple also sold a record number of iPhones for the quarter. 47.8 million, up from 37 million a year ago. Also a record 22.9 million iPads were sold. This is up from 15.4 million a year ago. Mac sales and iPods sales did decrease year-over-year. 4.1 million Macs were sold, down from 5.2 million a year ago, and 12.7 million iPods were sold, compared to 15.4 million last year.

"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 established new all-time quarterly records for iPhone and iPad sales, significantly broadened our ecosystem, and generated Apple’s highest quarterly revenue ever," said Peter Oppenheimer, Apple’s CFO.

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johnsobas (on 24 January 2013)

the margins are not sustainable, and competition is catching up. The margins it the key thing, they have to be able to make the customer massively overpay to sustain those margins. Only a matter of time before competition catches up, it's hard to keep such large market share and such huge margins in a free market. Huge margins always attract stronger and stronger competition.

Baalzamon (on 24 January 2013)

They were at a 28% margin a year ago, and are still at a 24% margin. Did it decrease? Yea, it did, but a 24% margin is still good. The fact that their stock has dropped 10.5% today alone makes me almost laugh. You have a stock with a now 10.4 P/E ratio, record quarterly profits (margin down, revenue up significantly). For crying out loud, they have well over $100 billion in cash and investments.

  • +1
gigantor21 (on 23 January 2013)

And yet Apple's stock has gone down by over 10%, because analysts expected even better iPhone sales and investors (AFAIK) are spooked over their shrinking profit margins and lack of hot new products. I don't even like the iPhone (Galaxy S3 FTW), but the idiotic, arbitrary metrics the street trades around make no sense to me. How can a $10 billion dollar increase in revenue and $13 billion in profit be looked at as mediocre?

haxxiy (on 23 January 2013)

Speculation and dissatisfaction with Apple's policies concerning how they handle their shares and deliver a profit to shareholders... or something like that.

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Baalzamon (on 24 January 2013)

I'm right there with you man. I thought the stock was underpriced at 540, bought it, went up to 580, (and fortunately for reasons in my own life) wound up selling it making a few hundred bucks.

I see no reason why I shouldn't put a buy order in on this stock again.

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nanarchy (on 24 January 2013)

Much of the stock value is built around continued future profit and revenue growth as Apple don't pay dividends, The growth has been less than expected and the competition is getting stronger, In themselves these earnings are fine, but the downward trend in growth numbers are definitely not a good sign for investors as they only make money on a growing company at the moment. They are also pretty much a one trick pony, if the iphone market dies they are "almost" back to being a nobody (albeit a very rich nobody).

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enrageorange (on 24 January 2013)

like nanarchy said the stock's value is based on the future of the company, not the company's current state. 5 days ago, the stock value of apple was based on the lofty expectations of the analysts. If they had predicted lower sales, the stock value wouldn't have been as high. When apple failed to meet those expectations the stock value understandably goes down. For the same reason AMD's stock rocketed up the past two days despite still being very unprofitable. It had been dropping because analysts expected it would do even worse, and when it beat those poor expectations the stock price changed to take that into account.

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