Apple reports $9.5 billion in profit, $43.6 billion in revenue; dividend and repurchases increased

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Apple has announced their earnings for the first calendar quarter/2nd fiscal quarter of 2013. Apple reported $43.6 billion in revenue and profit of $9.5 billion. This works out to be $10.09 per diluted share. This compares to $39.2 billion in revenue and $11.6 billion in profit, which works out to be $12.30 per diluted share in the year-ago quarter.

International sales accounted for 66% of the revenue, and gross margins were 37.5% (compared to 47.4% in the year-ago quarter). Apple has also announced that they are increasing their dividend payment of $3.05 per share, which will be payable on May 16. Apple is also going to increase their stock repurchase authorization from the current $10 billion to $60 billion, while the company plans to spend $100 billion in cash under this program by 2015. Apple is currently paying out a whopping $11 billion per year in dividends to shareholders.

As for what Apple is selling, the numbers break down as follows: 37.4 million iPhones (compared to 35.1 million in the year-ago quarter), 19.5 million iPads (up from 11.8 million in the year-ago quarter). As for Macs, the company sold just shy of 4 million. In the year-ago quarter they sold 4 million. Apple also sold 5.6 million iPods, with over half of those being iPod touch sales.

Apple’s guidance for the coming quarter sees expected revenue of $33.5-35.5 billion and gross margins between 36 and 37%.

So, Mac sales are stagnating, but still stronger than the rest of the PC industry. The iPad is still seeing explosive growth, and at least as these numbers would suggest, the iPhone is slowing down. Profit was down, but that was expected due to the margins drop.

 

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