Apple Reports Q2 2013 Earnings: Impressive Revenue Of $43.6 Billion In Spite Of Criticism
Apple officials revealed that the company grossed approximately $43.6 billion, effectively generating a net profit of $13.1 billion ($10.09 per diluted share). In comparison, during last year’s corresponding quarter, Apple produced a cumulative revenue of $39.2 billion and a net profit of $11.6 billion ($12.30 per diluted share). Strangely, gross margin for Q2 of 2013 was 37.5 percent, 9.9 percent lower than the 47.4 gross margin percentage reported during Q2 of 2012.
With international shares accounting for approximately 66 percent of revenue, Apple has also announced an increased dividend payment of $3.05 per share, which is payable to shareholders on May 16th. iPhone sales are also up to 37.4 million in Q2 of 2013, down from 47.8 million units sold in 2013 Q1, but up from 35.1 million iPhones sold during last year’s corresponding quarter. Additionally iPad sales hit 19.5 million, whereas Mac sales were just under 4 million, compared to 11.8 million and 4 million (respectively) in Q2 of 2012.
As a result of Apple’s announcement this afternoon, stock prices increased by more than five percent for a short period of time before returning to around $403 per share. Stay tuned for additional coverage on Apple, iOS devices and future quarterly earnings announcements.
Featured Image via MacRumors