Apple shares shot up 5.17% in after hours trading on the back of positive Q2 Results. The Company sold 37.4 Million iPhones and 19.5 Million iPads.
Apple has just announced financial results for its fiscal 2013 second quarter ended March 30, 2013. The Cupertino-based Company posted quarterly revenue of $43.6 billion and net profit of $9.5 billion, or $10.09 per diluted share.
In the year-ago quarter, Apple posted revenue of $39.2 billion and net profit of $11.6 billion, or $12.30 per diluted share. The gross margin for 2Q 2013 was 37.5 percent compared to 47.4 percent in the year-ago quarter.
These figures tops analyst consensus, they expect Apple to announce earnings of $10.02 per share on $42.4 billion in revenue. However, due to the decline in gross margin, Apple has posted a year-over-year decline in EPS.
According to the Press Release:
The Company sold 37.4 million iPhones in the quarter, compared to 35.1 million in the year-ago quarter. Apple also sold 19.5 million iPads during the quarter, compared to 11.8 million in the year-ago quarter. The Company sold just under 4 million Macs, compared to 4 million in the year-ago quarter.
“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.”
“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.