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Apple's quarterly earnings

As Apple's value leaps above that of major retailers, tech competitors, and even oil giants, its quarterly earnings have become all the more anticipated. Alongside releasing financial details, Apple's earnings have a history of being followed by a conference call with Tim Cook, who — aside from speaking to the company's performance — has a history of teasing what's to come for Apple as well. As you can see in the chart below, Apple's performance has been continually reaching new heights as the iPhone and iPad become more and more popular. In our StoryStream below, you can follow along with each quarter's numbers to see how Apple is faring.

  • Ben Popper

    Oct 28, 2013

    Ben Popper

    Apple Q4 results: revenues rise but profits fall

    apple earnings
    apple earnings

    Apple has just published its financial results for its final fiscal quarter of 2013, revealing a $7.5 billion profit on $37.5 billion in revenue. That's up on last year's $36 billion revenue, but gross margin is down from 40 percent last year to 37 percent. The figures beat expectations — Apple gave guidance of $34 to $37 billion revenue for the quarter and recently clarified that it expected the results to be "near the high end" of that guidance.

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  • Aaron Souppouris

    Jul 23, 2013

    Aaron Souppouris

    Apple posts $6.9 billion profit in Q3 as iPad sales shrink to 14.6 million

    Apple Earnings Money Cash (1020)
    Apple Earnings Money Cash (1020)

    Apple today published its financial results for its third fiscal quarter of 2013, reporting a $6.9 billion profit on $35.3 billion in revenue. That's roughly level in revenue terms with last year's $35 billion revenue, but profit was down a massive 21.6 percent from the same period's $8.8 billion. Both figures were also down from last quarter's $9.5 billion on $43.6 billion. At the end of last quarter, the company forecast revenue in the range of $33.5 billion - $35.5 billion, and Thomson Reuters' analyst consensus was around $35 billion for Q3, so the results don't come as a massive shock.

    iPhone sales continued to grow in Q3, from 26 million last year to 31.2 million. iPad sales were down slightly year-over-year, from 17 million last year to 14.6 million. The drop in iPad sales is to be expected: last year the company had just released the third-generation iPad. The average selling price (ASP) of the company's iOS devices also took a hit. iPad ASP was down for the eighth consecutive quarter, now standing at $436 as a growing proportion of buyers opt for the company's cheaper iPad offerings such as the iPad mini. iPhone ASP has remained relatively steady over the same period, but has dropped below the historically-low $593 to $581.

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  • Nilay Patel

    Apr 23, 2013

    Nilay Patel

    Apple posts $9.5b profit on $43.6b in revenue, but iPhone growth slows at 37.4m units sold

    tim cook
    tim cook

    Apple just posted its hotly-anticipated Q2 2013 earnings, and the company posted a profit of $9.5b on revenues of $43.6b, compared to $11.6b in profit on $39.2b in revenue this quarter last year and $13.1b in profit on $54.5b in revenue last quarter. That's right in line with the company's guidance from last quarter.

    Most importantly, iPhone sales are fairly flat year-over-year. Apple sold 37.04 million in Q2 2013 versus last year's 35.1 million, a modest growth of seven percent. iPad sales for the quarter were 19.5 million, up a massive 65 percent from last year's 11.8 million, but the average selling price (ASP) dropped fairly steeply year-over-year, likely due to the introduction of the cheaper iPad mini. Apple is selling less Macs than this time last year, with sales down from 4 million to 3.95 million, but the computers it's selling are more expensive — revenue for Macs was up two percent year-over-year. iPod sales continued their slow decline, down to 5.6 million sold from last year's 7.7 million.

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  • Nilay Patel

    Jan 23, 2013

    Nilay Patel

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

    tim cook
    tim cook

    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 sales coming in at 12.7m from 15.4m a year ago.

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  • Nilay Patel

    Oct 25, 2012

    Nilay Patel

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

    apple ipad mini event locations
    apple ipad mini event locations

    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 market, calling Microsoft's Surface a "confusing product" and reiterating the company's refusal to produce a 7-inch device.

    Apple's other product lines merely held their own: Mac sales were relatively flat, up just one percent to 4.9m, and the iPod line continued its standard decline, down 19 percent to 5.3m. The numbers all compare favorably to last quarter, when Apple posted an $8.8b profit on $35b in revenue, selling 26m iPhones, 17m iPads, 4m Macs, and 6.8m iPods. The company touted a 3.2 million unit sales growth of the Apple TV, accounting for an "over 100 percent increase over last year."

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  • Tim Carmody

    Jul 24, 2012

    Tim Carmody

    Apple posts rare earnings miss on weaker than expected iPhone sales

    Apple Earnings Money Cash (1020)
    Apple Earnings Money Cash (1020)

    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."

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  • Ross Miller

    Apr 24, 2012

    Ross Miller

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

    Apple Earnings Money Cash (1020)
    Apple Earnings Money Cash (1020)

    Apple just announced its Q2 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. Macs stayed largely consistent, up 7 percent to 4 million (and only slightly off Q1's reported 5.3 million in sales). iPods once again were in decline, 15 percent to 7.7 million units sold.

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  • Nilay Patel

    Jan 24, 2012

    Nilay Patel

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

    Apple Earnings Money Cash (1020)
    Apple Earnings Money Cash (1020)

    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 is still the top MP3 player around the world despite the lower sales. You'll note iPad is now eclipsing iPod almost perfectly now. Apple also says it sold 1.4 million Apple TVs.

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  • Nilay Patel

    Oct 18, 2011

    Nilay Patel

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

    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 though Apple's own (notoriously low) guidance was $25 billion headed into the quarter. Apple is down 6 percent in after hours trading.

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  • Nilay Patel

    Jul 19, 2011

    Nilay Patel

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

    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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  • Nilay Patel

    Apr 20, 2011

    Nilay Patel

    Apple's Q2 2011 financial results: the breakdown

    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 with some point-by-point analysis.

    [embed title="Apple Q2 2011 results call"]http://cdn0.sbnation.com/podcasts/apple-q2-11-call.mp3[/embed]

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