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| April 23, 2013
The iPad Once Again Steals The Show As Apple Announces Its Quarterly Earnings
Apple has just released its earnings information for the second fiscal quarter of 2013, which ended on March 30. The company garnered $43.6 billion in revenue and posted a net profit of $9.5 billion. Compared to the same quarter last year, revenue was up slightly, but Apple brought in almost $2 billion less in profit during the most recent time period. Once again, the iPad was star of the show. More than 19.5 million were sold during the quarter. That compares with 11.8 million units in the same quarter last year. More than 37.4 million iPhones were sold, up slightly from the 35.1 million units in the year-ago quarter. Just under 4 million Macs were sold during the second quarter of 2013. All total, international sales accounted for 66 percent of the company’s revenue. “We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad,” said Tim Cook, Apple’s CEO. “Our teams are hard at work on some amazing new hardware, software, and services and we are very excited about the products in our pipeline.” “Our cash generation remains very strong, with $12.5 billion in cash flow from operations during the quarter and an ending cash balance of $145 billion,” said Peter Oppenheimer, Apple’s CFO. For the fiscal 2013 third quarter, Apple is predicting revenue between $33.5 billion and $35.5 billion. A live earnings conference call will begin at 2 p.m. PDT. You can click here to listen.