Apple 2013 Q3: $35.3 Billion in Revenue, 31.2 Million iPhones Sold [u]
Apple released its 2013 third quarter earnings today and announced $35.3 billion revenue, which brought the company a net profit of $6.9. Here is the breakdown of Apple products sold:
- 31.2 million iPhones (26 million in the year-ago quarter)
- 14.6 million iPads (17 million in the year-ago quarter)
- 3.8 million Macs (4 million in the year-ago quarter)
- sales have generated $7.8 billion in cash.
“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.”
Apple is rather confident that it will have a great fourth quarter, according to the company forecast:
• 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%
A day prior to Apple’s quarterly report, Fortune posted a survey of Apple analysts that estimated revenues will drop slightly. The highest estimate put Apple’s revenues at $38.3 billion, while the lowest forecast was $32.8 billion.
Update: Apple’s Q3 2013 in charts (via TechCrunch)