Apple today announced financial results for the fiscal 2013 third quarters ending in June 29, 2013.
The company posted revenue of $35.3 Billion and a net profit of $8.8 Billion. Revenue falls in line with last years $35 billion, but profit is down nearly 22 percent from the same period's $8.8 billion.
The company sold 31.2 Million iPhones, a new record for the June quarter (compared to 26 million in the year ago quarter). Additionally, the company sold 14.6 million iPads during the quarter (compared to 17 million in the year ago quarter) and 3.8 million Macs (compared to 4 million year ago quarter).
"We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services," said Tim Cook, Apple's CEO. "We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014."
"We generated $7.8 billion in cash flow from operations during the quarter and are pleased to have returned $18.8 billion in cash to shareholders through dividends and share repurchases," said Peter Oppenheimer, Apple's CFO.
Apple's Board of Directors has declared a cash dividend of $3.05 per share of the Company's common stock.
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The company posted revenue of $35.3 Billion and a net profit of $8.8 Billion. Revenue falls in line with last years $35 billion, but profit is down nearly 22 percent from the same period's $8.8 billion.
The company sold 31.2 Million iPhones, a new record for the June quarter (compared to 26 million in the year ago quarter). Additionally, the company sold 14.6 million iPads during the quarter (compared to 17 million in the year ago quarter) and 3.8 million Macs (compared to 4 million year ago quarter).
"We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services," said Tim Cook, Apple's CEO. "We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014."
"We generated $7.8 billion in cash flow from operations during the quarter and are pleased to have returned $18.8 billion in cash to shareholders through dividends and share repurchases," said Peter Oppenheimer, Apple's CFO.
Apple's Board of Directors has declared a cash dividend of $3.05 per share of the Company's common stock.
Read More