Apple’s Q4 2013 Earnings
Apple post its 4th quarter earning report, which beat wall-streets predictions. It reported earnings results of $37.5 billion in revenue, profits of $7.5 billion and earnings per share of $8.67.
Here is what devices sold for this quarter:
- 33.8 million iPhones, well up from the 26.9 million sold a year ago.
- 14.1 million iPads, up from 14.0 million a year go.
- 4.6 million Macs, down slightly from the 4.9 sold a year ago.
Revenue was up slightly from the $36.0 billion earned a year ago, but profits were down from the $8.2 billion and earnings of $8.67 per share in its 2012 fourth quarter. Gross margin was 37 percent compared to 40 percent last year. “We had a strong finish to an amazing year… Apple’s business is stronger than ever,” Apple CEO Tim Cook said on the call.
Apple’s stock was down 3.42 percent to $512.43 in after hours trading. Apple will host an earnings call at 5:00 p.m. EST where we expect to hear more information.