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October 29, 2013 12:32 am GMT
Apple has just released its fiscal Q4 2013 earnings, reporting $37.5B in revenue, $7.5B in net profit representing $8.26 per share. That marks a y/y growth of 4.2% in Revenue and 4.7% decline in EPS, with net profit down 8.6% y/y. Apple sold 33.8M iPhones, 14.1M iPads and 4.6M Macs in the quarter, which allowed it to post record Q4 revenue. Analysts had estimated 33.4M iPhones, 14.3M iPads and 4.3M Macs in the quarter. iPhone sales grew 26% to hit another record number. iPad sales were relatively flat.Apple sold a total of 71M iPads in fiscal 2013.Apple sold just 3.5M iPods in the quarter. Were pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones, said Tim Cook, Apples CEO in a statement. According to Fortune’s collated estimates, street analysts had projected $37.14B in revenue with EPS of $8.16. Estimates put y/y revenue growth at 3% and earnings growth at -6%. By those estimates, Apple missed on earnings but beat on revenue. WSJ estimates had placed EPS at $7.94, which would give Apple a win in both categories. Apple’s own guidance projected revenue at between $34B and $37B, with a gross margin of between 36% and 37%. Apple’s estimates have become increasingly accurate over the past few quarters, ever since it changed the way that it gave guidance. Previously, it had a reputation for severely under-estimating future quarters and it’s taken a bit of time for analysts to adjust to its new more conservative outlook. For comparison, Apple brought in $35.3B in revenue last quarter, with $6.9B in profits at $7.47 EPS. Apple is currently down 2% in after-hours trading. Apple inc. | Create infographics More to follow… Article updated to note mixed analyst estimates on EPS. Image Credit: Karl Baron/Flickr CC
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ntJJNGmQ3mM/
Apple's Q4 '13 Beats With $37.5B Revenue, $7.5B Profit And $8.26 EPS On Strong iPhone Sales
Apple has just released its fiscal Q4 2013 earnings, reporting $37.5B in revenue, $7.5B in net profit representing $8.26 per share. That marks a y/y growth of 4.2% in Revenue and 4.7% decline in EPS, with net profit down 8.6% y/y. Apple sold 33.8M iPhones, 14.1M iPads and 4.6M Macs in the quarter, which allowed it to post record Q4 revenue. Analysts had estimated 33.4M iPhones, 14.3M iPads and 4.3M Macs in the quarter. iPhone sales grew 26% to hit another record number. iPad sales were relatively flat.Apple sold a total of 71M iPads in fiscal 2013.Apple sold just 3.5M iPods in the quarter. Were pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones, said Tim Cook, Apples CEO in a statement. According to Fortune’s collated estimates, street analysts had projected $37.14B in revenue with EPS of $8.16. Estimates put y/y revenue growth at 3% and earnings growth at -6%. By those estimates, Apple missed on earnings but beat on revenue. WSJ estimates had placed EPS at $7.94, which would give Apple a win in both categories. Apple’s own guidance projected revenue at between $34B and $37B, with a gross margin of between 36% and 37%. Apple’s estimates have become increasingly accurate over the past few quarters, ever since it changed the way that it gave guidance. Previously, it had a reputation for severely under-estimating future quarters and it’s taken a bit of time for analysts to adjust to its new more conservative outlook. For comparison, Apple brought in $35.3B in revenue last quarter, with $6.9B in profits at $7.47 EPS. Apple is currently down 2% in after-hours trading. Apple inc. | Create infographics More to follow… Article updated to note mixed analyst estimates on EPS. Image Credit: Karl Baron/Flickr CCOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/ntJJNGmQ3mM/
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