Apple reports Q4 revenues of US$37.5bn – 33.8m iPhones sold during quarter

28 Oct 2013

Apple has reported fourth quarter revenues of US$37.5bn, up 26pc year on year, after selling some 33.8m iPhones and 14.1m iPad devices during the quarter. The Californian tech giant posted a quarterly profit of US$7.5bn for the fourth quarter.

iPhone sales were up from 26.9m sold this time last year while iPad sales were only up very slightly from 14m sold last year.

Apple sold 4.6m Mac devices, down from 4.9m a year ago.

Apple’s board declared a cash dividend of US$3.05 per share of common stock, payable on 14 November.

“We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones,” said Tim Cook, Apple’s CEO.

“We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS,” Cook said.

Looking ahead to the first quarter, Apple predicted revenues of between US$55bn and US$58bn.

“We generated US$9.9 billion in cash flow from operations and returned an additional US$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,” said Peter Oppenheimer, Apple’s CFO.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years