Apple announces record fourth quarter revenue, profit
Apple has announced its financial results for its fiscal 2012 fourth quarter that ended Sept. 29. The company posted quarterly revenue of US$30 billion and quarterly net profit of $8.2 billion, or $8.67 per diluted share.
These results compare to revenue of $28.3 billion and net profit of $6.6 billion, or $7.05 per diluted share, in the year-ago quarter. Gross margin was 40% compared to 40.3% in the year-ago quarter. International sales accounted for 60% of the quarter’s revenue.
Apple sold 26.9 million iPhones in the quarter, representing 58% unit growth over the year-ago quarter. Apple sold 14.0 million iPads during the quarter, a 26% unit increase over the year-ago quarter. The company sold 4.9 million Macs during the quarter, a 1% unit increase over the year-ago quarter. Apple sold 5.3 million iPods, a 19% unit decline from the year-ago quarter.
Apple’s Board of Directors has declared a cash dividend of $2.65 per share of the company’s common stock. The dividend is payable on Nov. 15 to shareholders of record as of the close of business on Nov. 12.
"We’re very proud to end a fantastic fiscal year with record September quarter results," says Apple CEO Tim Cook. "We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline."
"We’re pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012," adds Chief Financial Officer Peter Oppenheimer. "Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75."