Apple Q1 2013 Quarterly Results

Apple:

Apple today announced financial results for its 13-week fiscal 2013 first quarter ended December 29, 2012. 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.

Average weekly revenue was $4.2 billion in the quarter compared to $3.3 billion in the year-ago quarter.

Records all around. But even accounting for the 13- vs. 14-week quarters, profit growth has slowed considerably. That said, it was just three years ago that Steve Jobs boasted that Apple had become a $50 billion company in annual revenue. Now they just reported $54.5 billion in quarterly revenue.

The Company 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.

That’s a significant drop for Mac sales. Part of that might be that the new iMacs weren’t available until December, but I think it’s more about the post-PC transition. Cars are in, trucks are out.

★ Wednesday, 23 January 2013