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Apple beats estimates with $37.5 billion in Q4 revenue

updated 04:34 pm EDT, Mon October 28, 2013

Sells 33.8 million iPhones

Apple has posted $37.5 billion in revenue for the results of its fiscal fourth quarter, which ended in September. The figure represents a 4 percent growth year-over-year, and beats out consensus predictions, which called for $36.8 billion. Net income was down, however, coming in at $7.5 billion ($8.26 per share) versus $8.2 billion ($8.67 per share). Driving the company's revenue was the iPhone, which moved 33.8 million units.

iPad sales rose marginally, from 14 million units to 14.1. Mac sales declined, slipping from 4.9 million to 4.6. Gross profit margin fell from 40 percent to 37 percent.

"We generated $9.9 billion in cash flow from operations and returned an additional $7.8 billion in cash to shareholders through dividends and share repurchases during the September quarter, bringing cumulative payments under our capital return program to $36 billion," adds Apple CFO Peter Oppenheimer in a prepared statement.

The Apple board of directors has also announced an upcoming dividend of $3.05 per share, to be payable on November 14th. To be eligible, however, an investor will have to have been a shareholder by the end of the November 11th business day.

For Q1 2014, Apple guidance calls for $55-58 billion in revenue, and gross margin between 36.5 and 37.5 percent. Expenses are expected to slot in around $4.4-4.5 billion. The company is also claiming a $200 million "other income/(expense)" forecast, and an estimated 26.25 percent tax rate.

by MacNN Staff



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