Apple announces Q2 2013 earnings, teases ‘exciting new product categories’

Posted by: Brett

Apple has posted their Q2 2013 earnings which include 37.4 million iPhones, 19.5 million iPads, just under 4 million Macs, and 5.6 million iPods sold, as well as a quarterly revenue of $43.6 billion. Apple brought in $9.5 billion in profit compared to last quarters profit of 13.1 billion which made it the most profitable quarter in tech history. 

“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 CFOhas teases exciting new .

Another interesting note is that during the earnings conference call, CEO Tim Cook hinted that the company is working on “exciting new product categories” and said the company has some great things planned for this “fall and all throughout 2014.” While Cook declined to comment on what the company has in store, rumors have been flying around as of late suggesting a low-cost iPhone, Apple watch, and television set are in the works, while a new iPhone, iPad mini, and full-sized iPad are likely to be introduced sometime this year.

Source: Apple


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