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Apple Set New Quarterly iPhone Sales Record with 31 Million Units
      #45019 - 07/24/13 02:51 PM

Apple announced financial results for its fiscal 2013 third quarter ended June 29, 2013. The Company posted quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share. The Company sold 31.2 million iPhones, a record for the June quarter, compared to 26 million in the year-ago quarter. Apple also sold 14.6 million iPads during the quarter, compared to 17 million in the year-ago quarter. The Company sold 3.8 million Macs, compared to 4 million in the year-ago quarter.

Apple’s Board of Directors has declared a cash dividend of $3.05 per share of the Company’s common stock. The dividend is payable on August 15, 2013, to shareholders of record as of the close of business on August 12, 2013.

Apple is providing the following guidance for its fiscal 2013 fourth quarter:

-revenue between $34 billion and $37 billion
-gross margin between 36 percent and 37 percent
-operating expenses between $3.9 billion and $3.95 billion
-other income/(expense) of $200 million
-tax rate of 26.5%









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