Apple Had Best Quarter Ever

MacRumors.com reported today:

Apple today announced financial results for the fourth calendar quarter of 2012 and first fiscal quarter of 2013. For the quarter, Apple posted revenue of $54.5 billion and net quarterly profit of $13.1 billion, or $13.81 per diluted share, compared to revenue of $46.33 billion and net quarterly profit of $13.06 billion, or $13.87 per diluted share in the year-ago quarter. Apple's quarterly profit and revenue were both all-time company records, but Wall Street analysts had projected even slightly higher numbers.

Gross margin for the quarter was 38.6 percent, compared to 44.7 percent in the year-ago quarter, and international sales accounted for 61 percent of revenue. Apple also declared another dividend payment of $2.65 per share, payable on February 14 to shareholders as of the close of trading on February 11. The company currently holds $137.1 billion in cash and marketable securities.


Quarterly iPhone unit sales reached 47.8 million, compared to 37 million in the year-ago quarter and the company sold 22.9 million iPads, up from 15.4 million in the year-ago quarter. Apple sold 4.1 million Macintosh computers, compared to 5.2 million in the year-ago period, as well as 12.7 million iPods, down from 15.4 million a year ago. Apple set new sales records for both iPhone and iPad sales.

“We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter,” said Tim Cook, Apple’s CEO. “We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.”

Apple's guidance for the second quarter of fiscal 2013 includes expected revenue of $41-43 billion.




More of the story can be found at macrumors.com.


Update:
After finishing up 1.83% ($9.24) Apple stock has seen a giant cut in price after hours.

Something like this is common, it is usually seen after a big release or announcement by a company in the tech industry. Most people, and my personal opinion, is that Apple stock is extremely under valued and it will be seen above 700$ in less than 6 months.