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Apple Reports Third Quarter Results

July 23, 2013

Apple reports financial results for its fiscal 2013 third quarter ended June 29, 2013.

CUPERTINO, California—July 23, 2013—Apple® today announced financial results for its fiscal 2013 third quarter ended June 29, 2013. The Company posted quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share. These results compare to revenue of $35 billion and net profit of $8.8 billion, or $9.32 per diluted share, in the year-ago quarter. Gross margin was 36.9 percent compared to 42.8 percent in the year-ago quarter. International sales accounted for 57 percent of the quarter’s revenue.

The Company sold 31.2 million iPhones, a record for the June quarter, compared to 26 million in the year-ago quarter. Apple also sold 14.6 million iPads during the quarter, compared to 17 million in the year-ago quarter. The Company sold 3.8 million Macs, compared to 4 million in the year-ago quarter.

That means Apple has sold 68.6 million iPhones in the first half of 2013, including the 37.4 million iPhones sold in the first three months of the year.

iPad sales is down compared to the year-ago quarter. That is expected since Apple broke its previously set iPad release cycle. For the first three years, Apple release new iPad in the month of March and April. Both iPad mini and Fourth Generation iPad were released in Fall 2012, six month after the release of Third Generation iPad.

In addition to that, Apple did not even bother to mention iPod sales figure in the press release.

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

  • revenue between $34 billion and $37 billion
  • gross margin between 36 percent and 37 percent
  • operating expenses between $3.9 billion and $3.95 billion
  • other income/(expense) of $200 million
  • tax rate of 26.5%

Apple might be expecting around $6 billion to $7 billion of net profit for the next quarter.

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