Apple Reports Its Fiscal 4th Quarter Results With 26% Growth in iPhone Sales

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The financial results for its fiscal 2013 fourth quarter announced by Apple that shows 26% of growth in iPhone sales.

In this report, guidance for fiscal 2014 first quarter is also provided by this company to its viewers and share-holders.

Go through this post for detailed report.

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On 28th October, 2013 the financial result for its fiscal 2013 fourth quarter was announced by Apple. The quarterly revenue of $37.5 billion and quarterly net profit of $7.5 billion, or $8.26 per diluted share was posted by company along with comparing results of the year-ago quarter with the revenue of $36 billion and net profit of $8.2 billion, or $8.67 per diluted share.Comparing the gross margin, it was 37%, which are 3% less of the year-ago quarter. 60% international sales were accounted of the quarter’s revenue.

Looking at the products sold by the company, we found that 33.8 million iPhone devices were sold during the September quarter as compared to 26.9 million in the year-ago quarter. 14.1 million iPad devices were sold compared to 14 million in the financial result for its fiscal 2012 fourth quarter and 4.6 million Macs were sold as compared to 4.9 million in the year-ago quarter.

With the increase in sales growth, a cash dividend of $3.05 per share of the Company’s common stock is declared by Apple’s Board of Directors. The dividend amount of share is payable on November 14, 2013 to shareholders of the record from the close of business on November 11, 2013.

Commenting on the financial result for its fiscal 2013 fourth quarter, Tim Cook, Apple’s CEO said, “We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones”.

“We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS.”

Following guidance is provided by Apple for its fiscal 2014 first quarter

  • gross margin between 36.5 percent and 37.5 percent
  • operating expenses between $4.4 billion and $4.5 billion
  • revenue between $55 billion and $58 billion
  • other income/(expense) of $200 million
  • tax rate of 26.25 percent

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