Apple has published their Q2 2013 financial results for the quarter that ended on March 31st, 2013. The company posted revenue of $43.6 billion. The company sold 19.5 million iPads, 37.4 million iPhones, and just under 4 million Macs, earning a quarterly net profit of $9.5 billion. Overall, international sales accounted for 66 percent of the quarter’s revenue.
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.
The Company expects to utilize a total of $100 billion of cash under the expanded program by the end of calendar 2015. This represents a $55 billion increase to the program announced last year and translates to an average rate of $30 billion per year from the time of the first dividend payment in August 2012 through December 2015.
Decline in AAPL stock price over last quarters has been very frustrating, but Apple remains very strong, and Apple will continue to do what it does best
Our teams are working on new hardware, software, and services that we can’t wait to introduce this Fall and throughout 2014
My view continues to be that iPhone 5 has the absolute best display in the industry. We always strive to create the very best display for our customers. Some customer value large screen sizes. Others value other factors such as resolution, white balance, color, portability, clarity, compatibility with apps… Our competitors have made some significant trade offs in many areas in order to ship a larger display. We will not ship a larger display iPhone while these trade offs exist.