Apple quarterly profits flat, sales growth slows

Nieuws Mobiel Wereld 24 JAN 2013
Apple quarterly profits flat, sales growth slows

Apple posted record quarterly revenue for the first quarter of fiscal 2013, ended 29 December 2012, totalling USD 54.5 billion, up from USD 46.3 billion year-over-year. The gross margin was 38.6 percent, down from 44.7 percent. Net profit for the quarter was USD 13.1 billion or USD 13.81 per diluted share, little changed from USD 13.1 billion or USD 13.87 per share a year ago. The results were ahead of Apple's earlier guidance for sales of USD 52 billion and EPS of USD 11.75. International sales accounted for 61 percent of revenue in the quarter.

The company sold a record 47.8 million iPhones, up from 37 million a year earlier, and 22.9 million iPads, up from 15.4 million the prior year. The company sold 4.1 million Macs, down from 5.2 million a year ago, and 12.7 million iPods, down from 15.4 million. 

For the second quarter the company expects revenue of USD 41-43 billion, a gross margin of 37.5-38.5 percent, operating expenses at USD 3.8-3.9 billion and other income/(expense) of USD 350 million. 

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