Apple Reports Record Quarter, Made $43.6 Billion In Q2


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In its second quarter earnings report, Apple says that it made $43.6 billion in revenue and $9.5 billion in profit. Apple pulled in more revenue than Q2 2012's $39.2 billion, but it made less than last year's $11.6 billion profit. The company also noted that 66 percent of its revenue came from international sales.

“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.”

For hardware, Apple sold 37.4 million iPhones in the quarter. It's a noticeable increase from the 35.1 million iPhones sold in the year-ago quarter. It also sold 19.5 million iPads, which is a pretty sizable increase from the 11.8 million iPads sold in the year-ago quarter. The company's saw a small decrease as it sold a little under 4 million Macs compared to the year-ago quarter's 4 million Macs.

“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,” said Peter Oppenheimer, Apple’s CFO.

Apple expects the following earnings results for Q3 2013:

  • revenue between $33.5 billion and $35.5 billion
  • gross margin between 36 percent and 37 percent
  • operating expenses between $3.85 billion and $3.95 billion
  • other income/(expense) of $300 million
  • tax rate of 26%
  • Apple will be be live streaming its Q2 2013 financial results conference call today at 2:00 p.m. PST/5:00 p.m. EST. You can listen in here.