The Verge - Apple's quarterly earnings

Apple posts record earnings for Q1 2013: $13.1b profit on $54.5b revenue, record 47.8m iPhones sold

2013-01-23T21:33:04Z

Apple just announced its Q1 2013 earnings, and the company posted a record $13.1b profit on a record $54.5b in revenue. That's just over last year's record of $13.06b profit on $46.33b in revenue at this time last year, and well over the $8.2b profit on $36 billion in revenue in the last quarter.

Importantly, iPhone sales were a record 47.8m compared to 37.04m iPhones a year ago and 26.9m iPhones last quarter, and iPad sales also set a record at 22.9m sold, compared to 15.43m last year and 14m last quarter. Overall, Apple moved some 75m iOS devices last quarter. Interestingly, Mac sales during the holiday quarter were down to 4.1m from 5.2m last year, while the iPod continued its predictable slide, with the traditionally strong holiday...

Apple posts record $8.2b profit on $36b in revenue for Q4 2012, still misses Wall Street expectations

2012-10-25T20:33:20Z

Apple's just released its Q4 2012 earnings report, posting an $8.2b profit on $36 billion in revenue, breaking its record Q4 2011 of $6.62b profit on $28.27b in revenue. The gains were almost entirely driven by a 58 percent increase in iPhone sales with 26.9m units sold, up from 17m last year, and a 26 percent increase in iPad sales with 14m sold, up from 11m last year. Of particular note, the iPhone 5 isn't a huge part of these numbers — it was only on sale for nine days in Q4. Later, during a Q&A, Tim Cook discussed the company's strategy with the upcoming iPad mini, claiming that the company is selling the device at a lower profit margin than it's other products. He also gave sharp criticism of Apple's competition in the tablet...

Apple posts rare earnings miss on weaker than expected iPhone sales

2012-07-24T20:49:30Z

Apple's profits rarely disappoint, but nobody can beat the Street forever. Apple reported quarterly earnings of $9.32 per share ($8.8 billion total) on $35 billion in revenue. It's a $1.5 billion gain over last year's profit in the same quarter, but missed analyst estimates of $10.37 earnings per share.

"We're thrilled with record sales of 17 million iPads in the June quarter," said Tim Cook, Apple’s CEO. "We've also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this fall. We are also really looking forward to the amazing new products we've got in the pipeline."

As expected, sales of the iPhone dropped to 26 million, as consumers wait for the likely release of a new iPhone model...

Apple sells 35 million iPhones, posts $11.6 billion profit in record Q2

2012-04-24T20:32:24Z

Apple just announced its Q1 2012 results with $11.6 billion in profit from $39.2 billion revenue — a huge increase from the $5.99 billion profit and $24.67 billion revenue reported in Q1 2011. It didn't quite hit the same level as Apple's record-breaking previous quarter, but that had the added benefit of a gift-giving holiday season. As usual, this is a record quarter for the company. Cue the surprise.

35.1 million iPhones were sold in this quarter alone — an 88 percent increase over the 18.65 million sold in Q2 2011 and almost equal to the 37.04 million sold during just last quarter. Apple also sold 11.8 million iPads, which 151 percent more year-over-year but down 4 million from the 15.43 million sold during the holiday quarter....

Apple reports massive Q1 2012 results with $13.06b profit, iPhone sales up 128 percent

2012-01-24T21:36:47Z

Apple just announced its Q1 2012 results, and the company booked a $13.06 billion profit on $46.33 billion in revenue, marking the biggest quarter in company history — well over 50 percent larger than its previous record in Q3 2011. Apple sold a remarkable 37.04 million iPhones, 15.43 million iPads and 5.3 million Macs during the quarter, which represent increases of 128 percent, 111 percent, and 26 percent from last year. That's two million more smartphones sold than Samsung shipped last quarter, which is astonishing.

iPod sales were down 21 percent to 15.4 million, continuing their slow decline: Apple says the iPod touch counted for over half of all iPods sold (over 10 million iPod touch units, if you do the math) and that the iPod...

Apple posts record Q4 2011 earnings: $6.62b profit on$28.27b revenue, 11.1m iPads and 17m iPhones sold (liveblog)

2011-10-18T20:37:22Z

Apple just announced its Q4 2011 numbers, and as usual the company has had a record quarter: $6.62b in profit on $28.27b in revenue, with 11.1m iPads and 17m iPhones sold. That's a 21 percent increase in iPhone sales and a 166 percent increase in iPad sales from a year ago—a new quarterly sales record for the tablet. Apple also sold a record number of Macs, with sales up 26 percent to 4.89m, while the iPod line continues to decline with sales down 27 percent to 6.67m units. Apple's earnings call is set for 5PM ET—hit the link below for the live blog, and check back later for clips and a breakdown.

Record earnings or not, they're being categorized as a "rare miss" by analysts whose revenue estimates averaged $29.69 billion, even...

Apple announces Q3 2011 earnings: $7.31b profit on $28.57b revenue, iPhone, iPad sales way up (update: audio!)

2011-07-19T20:44:38Z

CEO succession controversy or not, Apple just announced its Q3 2011 results, and they're as solid as expected: Cupertino posted yet another record quarter, with a 125 percent jump in profits to $7.31b on an 82 percent increase in revenue to $28.57b. iPhone sales were up 142 percent over last year with 20.34m sold, and the iPad 2 was a rousing success as well, with sales up 183 percent to 9.25m sold. (That's double the iPads sold last quarter, for comparison.) Apple also sold 3.95m Macs, up 14 percent from last year, and the iPod decline continued apace with 7.54m representing a 20 percent decrease.

As usual, we'll be on the company's analyst call at 5PM ET -- we'll post the audio and break out any notable quotes right after it happens.

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Apple's Q2 2011 financial results: the breakdown

2011-04-20T23:12:01Z

Apple announced its Q2 2011 results today, and yes -- it's been another record quarter in Cupertino, with profits of $5.99 billion on $24.67 billion in revenue. That's up almost double last year's $3.07b profits on $13.50b in revenue. Profit margins held steady at 41.4 percent, so it seems the big numbers mostly to do with increased sales. And what an increase: Apple sold 3.76 million Macs, which is a 28 percent increase and quarterly record 18.65 million iPhones, which is a 113 percent increase. The iPod line continued to decline, down 17 percent to 9.02 million, and iPad sales were less than expected at 4.69 million -- due to what acting CEO Tim Cook called "the mother of all backlogs." We've got the complete call posted below, along...