Apple yesterday held its quarterly financial results call, discussing the progress of the company, its products, and most importantly cash flow. In quarter 2 of 2013, Apple made a revenue of $43.6 Billion with a net profit of $9.5 Billion, working out to $10.09 per diluted share, compared to revenue of $39.2 billion and net quarterly profit of $11.6 billion, or $12.30 per diluted share in the same quarter in the previous year.
International sales were reported as accounting for 66 percent of revenue, with gross margin hitting 37.5 percent. On the back of this news, Apple has also announced an increased dividend share payment of $3.05 per share, payable on May 16 2013, with Apple spending around $11 billion per year in dividends.
Of most significance is Apple announced it has a cool $145 Billion in cash sitting as its disposal – Yes, Billion!
The iPhone unit sales reached 37.4 million in Quarter 2, compared to 35.1 million in the previous year, with iPad’s hitting 19.5 million units sold, up from 11.8 million. Mac sales fell slightly to just under 4 million.
We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad. 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 will be buying back $60 billion worth of stocks with the money it has in the bank and also continuing to invest in research and development for the upcoming software, services, and hardware that CEO Tim Cook mentioned.
Apple has a lot of disposable funds that it can utilise to bring new products to market and invest heavily in marketing to blow the competition away – but does it need it? They seem to be doing pretty good as things are, and Apple continue to see growth and success in almost anything they do; (except Ping, which sucked!).