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Apple Fiscal Q1 Profits Flat

23 Jan, 2013 By: Chris Tribbey



Apple reported a profit of $13.1 billion for the fiscal first quarter of 2013 (ended Dec. 29), flat compared with the $13.1 billion it reported during the same quarter in 2012.

Revenue was $54.5 billion, up from the $46.3 billion it reported during the same quarter in 2012.

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

Apple sold 47.8 million iPhones and 22.9 million iPads during the quarter, compared with 37 million iPhones and 15.4 million iPads during the same quarter in 2012. The company sold 4.1 million Macs, compared with 5.2 million during the same quarter in 2012. Apple also sold 12.7 million iPods in the quarter, down from 15.4 million a year ago.

The company sold more than 2 million units of its Apple TV set-top box during the quarter.

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

For the second quarter Apple is estimating revenue between $41 billion and $43 billion.


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