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Apple quarterly profits flat, sales growth slows
2013-01-24 08:28:00| Telecompaper Headlines
(Telecompaper) Apple posted record quarterly revenue for the first quarter of fiscal 2013, ended 29 December 2012, totalling USD 54.5 billion, up from USD 46.3 billion year-over-year. The gross margin was 38.6 percent, down from 44.7 percent. Net profit for the quarter was USD 13.1 billion or USD 13.81 per diluted share, little changed from USD 13.1 billion or USD 13.87 per share a year ago. The results were ahead of Apple's earlier guidance for sales of USD 52 billion and EPS of USD 11.75. The company sold a record 47.8 million iPhones in the three months, up from 37 million a year earlier, and 22.9 million iPads, up from 15.4 million the prior year.