Ondrej Holzman Apple Lossless Audio CODEC (ALAC), he announced financial results for the second fiscal quarter of 2013, in which it had revenues of $43,6 billion with a net profit of $9,5 billion. While revenues increased year-on-year, profit is more than two billion less.
In the past quarter, which ended on March 31, 2013, Apple sold 37,4 million iPhones, which, although it indicates a slight year-on-year increase, is minimal compared to the situation a year ago. Last year, Apple announced an 88% increase in sales of its phone, this year it is only seven percent.
Year-on-year sales of iPads increased significantly, in the last three months Apple sold 19,5 million, i.e. a 65% increase. However, the average price of an iPad sold decreased, mainly thanks to the introduction of the iPad mini. Fewer Mac computers were also sold, by roughly 100 compared to the previous year. In the last quarter, Apple sold just under four million of them, but on the other hand, the computers currently sold are more expensive, and the decline is significantly less than the average decline of all PCs sold. iPods are in slow decline, 7,7 million were sold last year, only 5,6 million this year.
Although Apple's profit decreased year-on-year for the first time in ten years - which was to be expected, since the public has been waiting for a new product for half a year - the company added another 12,5 billion dollars to its cash flow, and in total it already has 145 billion in its accounts.
"Thanks to strong iPhone and iPad sales, we're pleased to report March quarter earnings," said Tim Cook, the company's chief executive, in a press release, and ran into a long period without news in its portfolio. "Our teams are hard at work on some great hardware and software products and services that we're excited about."
Financial director Peter Oppenheimer also confirmed the successful quarter from the point of view of additional money added to Apple's coffers. "We are generating a lot of cash all the time, last quarter we raised $12,5 billion from operations, so we have a total of $145 billion available."
Together with the announcement of Apple's financial results as well he announced, that it will return more money to investors. The California-based company expects to spend a total of $2015 billion by the end of the 100 calendar year, when the program was expanded. This is a fifty-five billion increase over the original program that was announced last year. Apple's board of directors also approved an increase in share buyback funds from 10 to 60 billion and a 15% increase in the quarterly dividend. So the payout will now be $3,05 per share. Annually, Apple pays out around 11 billion dollars in dividends.
It goes :)
$9,5 billion net profit … Decent :)
"Although the results of the Californian company are not overwhelming"
Lol, I think every other company in the world would be kicking to have at least half of these "unremarkable results".
I worded it wrong. Corrected.
Ok, that sounds good :)
It's good that they haven't presented anything for so long. But it really needs a keynote :)