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Apple Earnings Reports Suggest $43.6B Revenue for Q2 2013

Apple Earnings Reports Suggest $43.6B Revenue for Q2 2013

Apple have today announced their Q2 2013 earnings results.  The apple earnings results include the launches of no new products, unlike the Q1 earnings which included these in the release.

Apple reported revenues for Q2 of $43.6 billion, which beats Apple’s estimates for the quarter of between $41 and $43 billion.  This is slightly up on last years Q2 earnings which was a revenue of $39.2 billion.

Apple sold 37.4 million iPhone’s  19.5 million iPads, and just under 4 million Macs. This compares to 35.1 million iPhones, 11.8 million iPads, and 4 million Macs, sold in the year-ago Q2 2012 quarter.

Tim Cook spoke about the results and had this to say :

“We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad,” said Tim Cook, Apple’s CEO. “Our teams are hard at work on some amazing new hardware, software and services, and we are very excited about the products in our pipeline”

Apple’s CFO Peter Oppenheimer also had this to say on the results :

“Our cash generation remains very strong, with $12.5 billion in cash flow from operations during the quarter and an ending cash balance of $145 billion,”

Apple will be holding a conference call regarding today’s announcement. We will have live coverage at 5 PM EST/ 2 PM PST which can be found by clicking here 

 

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