Earnings – 37'.news ¯\_(ツ)

April 23, 2014

Apple: Earnings and Stock Split

CUPERTINO, California—April 23, 2014—Apple® today announced financial results for its fiscal 2014 second quarter ended March 29, 2014. The Company posted quarterly revenue of $45.6 billion and quarterly net profit of $10.2 billion, or $11.62 per diluted share. These results compare to revenue of $43.6 billion and net profit of $9.5 billion, or $10.09 per diluted share, in the year-ago quarter. Gross margin was 39.3 percent compared to 37.5 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.

Notable numbers:

iPhone sales increase 17% Year Over Year from 37 million to 43 million units
iPad sales decrease 16% Year Over Year from 19 million to 16 million units
Mac Sales increase 5% Year Over Year from 3.9 million to 4.1 million units

Also from Apple PR:

The Board of Directors has also announced a seven-for-one stock split. Each Apple shareholder of record at the close of business on June 2, 2014 will receive six additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on June 9, 2014.

Does that mean I could finally buy 10 Apple Stocks instead of none?

July 23, 2013

Apple Reports Third Quarter Results

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.

January 23, 2013

Apple Reports Fiscal Year 2013 First Quarter Results

From Apple PR:

47.8 Million iPhones Sold; 22.9 Million iPads Sold

CUPERTINO, California—January 23, 2013—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. International sales accounted for 61 percent of the quarter’s revenue.

Note that Fiscal Year 2013 First Quarter is a 13-week quarter compared to 14-week quarter of Fiscal Year 2012 First Quarter.

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.

Apple was expected to sell less Macs because new iMacs were missing in action for the first 2 months of the quarter.In addition to that supplies of new iMacs were constrained. As of January 23, 2013 iMac ship times is at 2-3 weeks, indicating either increasing demand or supply constraints; or both. Sales of iPods follow the downward trend as sales of iPads increase.