Apple reports stronger than expected revenue, 33.8 million iPhones, 14.1 million iPads sold
The Q4 earnings from Apple showed somewhat better than expected revenue, $37.5 billion, up 4 percent over 2012. iPad sales were flat against Q4 2012, with 14.1 million units sold in the quarter. Apple introduced new models of both its iPad mini and larger tablet at an event last week, though a ship date for the iPad mini has yet to be announced.
“We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones,” said Apple CEO Tim Cook in the press statement. “We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS.”
The Company posted quarterly net profit of $7.5 billion, or $8.26 per diluted share, compared to net profit of $8.2 billion, or $8.67 per diluted share, in the same quarter of 2012. Apple said its Board of Directors has declared a cash dividend of $3.05 per share.
iTunes sales of music, books, apps and the like grew to $4.26 billion in sales, 21.9 percent over the same quarter in 2012.
Apple will be holding its analyst conference call later in the afternoon.