Thursday, October 02, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Introduces Sway App For Office
Facebook To Change Real-name Policy
CEA Outlines Five Technology Trends In Consumer Technology
Apple CarPlay Update Now Available with Firmware for Pioneer NEX In-Dash Receiver Models
Philips to Appeal $467 Million Patent Infringement Lawsuit
Rovio to Slash 130 Jobs
Toshiba Offers Ultra-small e-MMC Embedded NAND Flash Memory Products
ARM and TSMC Unveil Roadmap for 64-bit ARM-based Processors on 10FinFET Process
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 Home > News > General Computing > Apple's...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 24, 2013
Apple's Profit Decreased


Apple reported Tuesday that its quarterly profit dipped as the company makes less money from its popular iPhone and iPads.

For the fiscal 2013 second quarter ended March 30, 2013, Apple posted quarterly revenue of $43.6 billion and quarterly net profit of $9.5 billion, or $10.09 per diluted share. These results compare to revenue of $39.2 billion and net profit of $11.6 billion, or $12.30 per diluted share, in the year-ago quarter. The company said its gross margin, or the amount of money it makes in profit from its devices, shrank to 37.5% from 47.5%. International sales accounted for 66 percent of the quarter?s revenue.

Apple said it sold 37.4 million iPhones in the quarter, compared to 35.1 million in the year-ago quarter. Apple also sold 19.5 million iPads during the quarter, compared to 11.8 million in the year-ago quarter. The company sold just under 4 million Macs, compared to 4 million in the year-ago quarter. Sales of iPod MP3 players dropped by more than a million to 5.6 million. The iTunes shop also pulled in more than four billion dollars in revenue in the first three months of the year, setting a new record, according to Apple.

In the longer term, Apple may need another blockbuster gadget to accelerate its momentum.

"We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad," said Tim Cook, Apple?s CEO. "Our teams are hard at work on some amazing new hardware, software, and services and we are very excited about the products in our pipeline."

Apple also said it would return $100 billion to shareholders by the end of 2015, in part by raising its dividend 15 percent and in part by increasing its share buyback program six-fold to $60 billion.

"Our cash generation remains very strong, with $12.5 billion in cash flow from operations during the quarter and an ending cash balance of $145 billion," said Peter Oppenheimer, Apple?s CFO.

Apple also providing guidance for its fiscal 2013 third quarter. The company expects revenue between $33.5 billion and $35.5 billion; gross margin between 36 percent and 37 percent; operating expenses between $3.85 billion and $3.95 billion; other income/(expense) of $300 million and; tax rate of 26%.

Apple also today announced that it will hold its annual Worldwide Developers Conference (WWDC) June 10 through June 14 at San Francisco?s Moscone West.

At the five-day conference, developers will learn about the future of iOS and OS X. WWDC will also feature more than 100 technical sessions presented by over 1,000 Apple engineers, hands-on labs to help developers integrate new technologies, as well as the popular Apple Design Awards, a showcase of apps available through the App Store and Mac App Store. Tickets for this year?s WWDC go on sale Thursday, April 25 at 10 a.m. PDT.


Previous
Next
Toshiba to Buy Assets of Bridgelux        All News        AMD Radeon HD 7990 Gets Official
Toshiba to Buy Assets of Bridgelux     General Computing News      Hackers Took Over AP Twitter Account

Get RSS feed Easy Print E-Mail this Message

Related News
Europe Says Ireland Helped Apple Pay Less Taxes
iPhone 6 And iPhone 6 Plus Available in China By October 17
Apple Patches Bash Vulnerability in OS X
Europe To Probe Apple Over Irish Tax Deals
Apple Quickly Issues iOS 8.0.2 Update To Solve Issues Of Previous Release
Apple Downplays iPhone 6 Bending Reports
Apple Pulled Problematic iOS 8.0.1 Update
Apple's Touch ID Vulnerable to Hack
iOS 8 Update Causing Problems
iPhone 6 Plus Is $100 Costlier For Consumers But Less Than $16 More Expensive for Apple to Make
Future Of Apple's Beats Music Remains Uncertain
Apple iPhone Sales Top 10 Million

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .