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Apple Q1: $54.5B Revenue, 47.8M iPhones sold, 22.9M iPads sold

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In what may be the most anticipated earnings release in recent memory, Apple has unveiled their first quarter numbers, and they are huge. Apple posted its largest quarter ever, with $54.5B in revenue, and $13.1B in net profits, compared to revenues of $46.3 billion and a net profit of $13.1 billion year over year.

The world’s largest company sold a record 47.8M iPhones in the quarter, up 10M from 37M in the year-ago quarter, although they came up short when compared to the Streets’ expectations of 50M iPhones sold. 22.9M iPads were sold, meeting the Streets’ expectations, and up from 15.4M in the year-ago quarter.

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Google releases Q4 2012 earnings: $14.42 billion revenue, $2.89 billion income

Image Credit: mobilehotspot.ca

Image Credit: mobilehotspot.ca

Google just announced their Q4 2012 earnings, posting a healthy $14.42 billion in revenue, up 36% from the same quarter last year. Motorola Mobility revenues totaled $1.51 billion for the quarter, contributing to a total $2.89 billion in revenue for Google, a slight increase from last year’s $2.71 billion Q4 revenue. As expected, the bulk of Google’s revenue came from search and advertising, which brought in $12.91 billion or 89% of consolidated revenues. International revenues also made up 54% of Google’s earnings, bringing in $6.9 billion.

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Apple Q4: $36B in revenue, 26.9M iPhones, 14M iPads, 5.3M iPods sold

Apple announced their fourth quarter earnings, and as expected, the numbers improved once again. Apple sold 25.9M iPhones, up 58 percent year-over-year, 14M iPads, up 26 percent year over year, 4.9M Macs, up 1 percent year-over-year, and 5.2M iPods, down 19 percent year-over-year.

Apple made $36B in revenue during the quarter, compared to $35B in Q3, and $28B year-over-year. Apple pulled in profits of $8.2B, compared to $8.8B in Q3, and $6.62B year-over year. Apple now has $121.3B in cash on hand.

“We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s CEO. “We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.”

“We’re pleased to have generated over $41B in net income and over $50B in operating cash flow in fiscal 2012,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52B and diluted earnings per share of about $11.75.”

Apple also sold 1.3M Apple TV’s during the quarter, bringing the total to 5.3M Apple TV’s sold during their fiscal 2012. Speaking during Apple’s earnings call, Tim Cook said of the Apple TV, “it still has the hobby label, however, it’s a beloved hobby.” Apple also released numbers for its iCloud service, stating that it now has 190M users,up from the 150M users Apple announced in July and the 125M users Apple announced in April.

Apple’s retail stores have been no slouch, pulling in $4.2B in revenue during the quarter, up $200M from Q3. With 390 Apple Stores around the world, average revenue per store is now $11.2M.

Press Release

CUPERTINO, California—October 25, 2012—Apple® today announced financial results for its fiscal 2012 fourth quarter ended September 29, 2012. The Company posted quarterly revenue of $36.0 billion and quarterly net profit of $8.2 billion, or $8.67 per diluted share. These results compare to revenue of $28.3 billion and net profit of $6.6 billion, or $7.05 per diluted share, in the year-ago quarter. Gross margin was 40.0 percent compared to 40.3 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.

The Company sold 26.9 million iPhones in the quarter, representing 58 percent unit growth over the year-ago quarter. Apple sold 14.0 million iPads during the quarter, a 26 percent unit increase over the year-ago quarter. The Company sold 4.9 million Macs during the quarter, a 1 percent unit increase over the year-ago quarter. Apple sold 5.3 million iPods, a 19 percent unit decline from the year-ago quarter.

Apple’s Board of Directors has declared a cash dividend of $2.65 per share of the Company’s common stock. The dividend is payable on November 15, 2012, to shareholders of record as of the close of business on November 12, 2012.

“We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s CEO. “We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.”

“We’re pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75.”

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Apple’s Q3 2012 Earnings: $8.8 billion profit on $35 billion revenue

Apple has just announced their Q3 2012 Earnings, posting numbers slightly below those expected by analysts.

The company managed to rake in a quarterly revenue of $35 billion and a quarterly net profit of $8.8 billion. That works out to $9.32 per diluted share, quite a bit lower than Wall Street’s estimated $10.38 per share. These numbers do, however, represent significant growth over the same quarter last year, in which Apple posted quarterly revenue of $28.6 billion and net profit of $7.3 billion, or $7.79 per diluted share. Gross margin also increased to 42.8 percent, up from 41.7 percent in Q3 2011.

Apple sold 26 million iPhones this quarter, representing 28 percent unit growth, despite increasing consumer demand for a new model. The company also posted record iPad sales for the quarter, selling 17 million units, an 84 percent increase over last year. Mac sales also rose 2 percent to 4 million units, while Apple’s dwindling iPod business is down 10 percent, selling 6.8 million units for the quarter.

“We’re thrilled with record sales of 17 million iPads in the June quarter,” CEO Tim Cook said in a press release. “We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”

As previously announced, Apple’s Board of Directors declared a $2.65 cash dividend for the quarter, payable on August 16, 2012. Stockholders of record as of the close of business on August 13, 2012 are eligible to receive the dividend. In the press release, CFO Peter Oppenheimer provided a quick outlook for Q4, stating, “Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65.”

Apple’s Earnings Call will take place in less than half an hour, at 5 PM EST. We already know that more details about the company’s recently announced dividend and stock buyback programs will be discussed, but these calls usually yield some other interesting tidbits as well. We’ll update this post if any interesting news or comments come out of the call!

Live Earnings Call Updates

5:59 PM EST: On controlling iPhone rumours and speculation, Tim: “I’m glad that people want the next thing. I’m not going to put any energy into getting people to stop speculating. I don’t think that is going to result in anything.”

5:50 PM EST: Question regarding Passbook possibly leading to Apple’s digital wallet. Tim: “I don’t want to comment specifically, but Passbook is an important feature of iOS 6. Wouldn’t want to speculate about where it might take us.”

5:47 PM EST: 1.3 million AppleTV units sold in Q3. Over 4 million units total for fiscal 2012. Tim: “still at a level where we’d call it a hobby”.

5:43 PM EST: Tim: New iPad was top seller, but iPad 2 did very well. Key in getting the K-12 market. Customers are “not looking for a tablet, they’re looking for an iPad”.

5:37 PM EST: Lots of talk about poor world economies and dollar strength impacting sales.

5:35 PM EST: Tim says carriers will be very motivated to carry Apple’s future products. No kidding.

5:32 PM EST: Tim: we expect to catch up with demand for Retina MacBook Pro next month (August). Attributes some decline in sales to “timing” of portable announcements; MacBook line was refreshed with less than 3 weeks remaining in quarter.

5:30 PM EST: Tim is aware of the “incredible anticipation” for new products. Peter says the “fall transition” may be hurting sales of current devices. Oppenheimer: “We could not be more confident in our product pipeline.” (9to5Mac)

5:25 PM EST: Tim says iPhone did not “perform” as expected in Europe. Single digit positive growth in many countries.

5:23 PM EST: Peter just acknowledged that “rumours and speculation” are impacting iPhone sales. iPhone not launching in any new countries or on any new carriers in September quarter.

5:17 PM EST: Oppenheimer says “more amazing products in the pipeline” that Apple will discuss later. So coy!

5:13 PM EST: Apple Stores raked in $4.1 billion in revenue this quarter. Average of $11.1 million per store.

5:12 PM EST: Oppenheimer says Apple has payed over $5.5 billion to App Developers. Over 150 million customers using iCloud.

5:09 PM EST: CFO Peter Oppenheimer noted that, though demand for the new iPad was strong, the reduced price iPad 2 sold very well.

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Amazon’s Q1 2012 Earnings: $13.2 billion in revenue

Amazon has just announced their Q1 2012 Earnings, and they’re better than expected. The company pulled in $13.2 billion in revenue, a 34% increase over the same quarter last year. Net income dropped 35% to $130 million, compared to $201 million in Q1 2011. That $130 million amounts to about $0.28 profit per diluted share, which beats Wall Street estimates of just $0.07 per share on $12.9 billion in revenue.

The North American market alone was responsible for $7.43 billion of that $13.2 billion revenue, which represents a 36% increase over Q1 2011.

Though Amazon chose not to release specific Kindle sales numbers, they did state that the Kindle Fire remained their flagship device – the best selling, most gifted, and most wished for product on the site. Despite the lack of hard sales figures, Amazon remains excited about and committed to the Kindle. Jeff Bezos stated, “Kindle is the bestselling e-reader in the world by far, and I assure you we’ll keep working hard so that the Kindle Store remains yet another reason to buy a Kindle!”

Amazon’s Q2 forecast looks equally promising: the company is predicting net sales of between $11.9 billion and $13.3 billion, which would equate to growth of between 20% and 34% over Q2 2011.

Source: Amazon

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Apple Q2 Earnings: $39.2B in Revenue, $11.6B in Profits, 35.1M iPhones sold

The time has come once again for Apple’s quarterly earnings call, and the number are as usual, staggering. During Q1, Apple brought in $39.2B in revenue, up from $24.7B in revenue year over year, with $11.6B in profits, up from $5.99B in profits year over year. The Cupertino-based company sold 35.1M iPhones, a 88 percent increase from the  year ago quarter. iPad sales are up year over year, with 11.8M devices sold during the quarter, up 151 percent year over year. Mac sales continue to trend up, as Apple sold 4M macs during the quarter, a 7 percent increase year over year. And as expected, iPod sales continue to drop with 7.7M iPods sold, down from 15 percent from this time last year.

In a statement, Apple CEO Tim Cook said,

We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”

CFO Peter Oppenhiemer stated,

“Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68.”

Press Release:

CUPERTINO, Calif.–(BUSINESS WIRE)–Apple® today announced financial results for its fiscal 2012 second quarter ended March 31, 2012. The Company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 per diluted share. These results compare to revenue of $24.7 billion and net profit of $6.0 billion, or $6.40 per diluted share, in the year-ago quarter. Gross margin was 47.4 percent compared to 41.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.

The Company sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter. Apple sold 11.8 million iPads during the quarter, a 151 percent unit increase over the year-ago quarter. The Company sold 4 million Macs during the quarter, a 7 percent unit increase over the year-ago quarter. Apple sold 7.7 million iPods, a 15 percent unit decline from the year-ago quarter.

“We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter,” said Tim Cook, Apple’s CEO. “The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver.”

“Our record March quarter results drove $14 billion in cash flow from operations,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $8.68.”

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Facebook Q1: 901M Users, $1.06B in Revenue; Instagram Gets $300M in Cash

Due to its impending IPO filing, Facebook has released its first quarter earnings in an updated S-1 filing to the SEC. The social network pulled in $1.06 billion in revenue, up from $731 million year over year. Their income did slide to year over year to $205 million from $233 million.

Monthly users have increased by 32 percent year over year from 682M to 901M, with 526M daily users. 300M photos are uploaded daily.

Facebook also commented on the Instagram deal, revealing that the deal included $300M in cash, and 23 million shares. Facebook stated,

“Following the closing of this acquisition, we plan to maintain Instagram’s products as independent mobile applications to enhance our photos product offerings and to enable users to increase their levels of mobile engagement and photo sharing.”

The agreement also contains a $200M breakup fee if it fails.

Facebook spoke on the Yahoo patent lawsuit as well, stating that an unfavorable outcome could have a negative effect on business, a customary measure for an SEC filing.

“From time to time, we receive notice letters from patent holders alleging that certain of our products and services infringe their patent rights. Some of these have resulted in litigation against us. For example, on March 12, 2012, Yahoo filed a lawsuit against us in the U.S. District Court for the Northern District of California that alleges that a number of our products infringe the claims of ten of Yahoo’s patents that Yahoo claims relate to “advertising,” “social networking,” “privacy,” “customization,” and “messaging.” Yahoo is seeking unspecified damages, a damage multiplier for alleged willful infringement, and an injunction. We intend to vigorously defend this lawsuit, and on April 3, 2012, we filed our answer with respect to this complaint and asserted counterclaims that Yahoo’s products infringe ten of our patents. This litigation is still in its early stages and the final outcome, including our liability, if any, with respect to Yahoo’s claims, is uncertain. If an unfavorable outcome were to occur in this litigation, the impact could be material to our business, financial condition, or results of operations.”

Facebook is expected to go public on May 17th, according to Alexia Tsotsis of TechCrunch.

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