Apple Q4 2013 Results

Apple:

The Company posted quarterly revenue of $37.5 billion and quarterly net profit of $7.5 billion, or $8.26 per diluted share. These results compare to revenue of $36 billion and net profit of $8.2 billion, or $8.67 per diluted share, in the year-ago quarter. Gross margin was 37 percent compared to 40 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.

The Company sold 33.8 million iPhones, a record for the September quarter, compared to 26.9 million in the year-ago quarter. Apple also sold 14.1 million iPads during the quarter, compared to 14 million in the year-ago quarter. The Company sold 4.6 million Macs, compared to 4.9 million in the year-ago quarter.

It’ll be interesting to see whether iPad sales are flat because their popularity has peaked, or because people were waiting for the new models. My guess is the latter. Update: Sounds like Tim Cook thinks so too, saying on Apple’s quarterly conference call, “It’s going to be an iPad Christmas.”

★ Monday, 28 October 2013