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Apple Reports Record Results

Published by on Jan 24th, 2013, No Comments

Apple has published a press release announcing record financial results for the first quarter of 2013, that ended on 29 December 2012.

According to the report Apple sold 47.8 million iPhones and 22.9 million iPads over that period, which included the festive season.

Quarterly revenue amounted to $54.5 billion and a record quarterly net profit of $13.1 billion. These results compare to revenue of $46.3 billion and net profit of $13.1 billion during the same period the previous year.

Average weekly revenue was $4.2 billion in the quarter compared to $3.3 billion in the year-ago quarter.

In addition to the iPads and iPhones sold, Apple also sold 4.1 million Macs and 12.7 million iPods. All sales increased since the same quarter of the previous year.

Peter Oppenheimer, Apple’s CFO said that “We’re pleased to have generated over $23 billion in cash flow from operations during the quarter. We established new all-time quarterly records for iPhone and iPad sales, significantly broadened our ecosystem, and generated Apple’s highest quarterly revenue ever.”

“We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter,” Apple CEO Tim Cook said in the company’s earnings release. “We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.”

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