Apple Posts Best Quarterly Financial Results Ever

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Apple has just announced its financial results for the fourth quarter of the 2012 calendar year and first quarter of the 2013 fiscal year, posting record-breaking profits and revenues across the board. The company reported groundbreaking net profit of $13.1 billion on $54.5 billion revenue.

While its gross margins fell to 38.6 percent, down from 44.7 percent in the year-ago quarter, Apple sold a record 47.8 million iPhones and 22.9 million iPads during the quarter. Mac sales fell from 5.2 million to 4.1 million year-over-year, while iPod sales dropped to 12.7 million over 15.4 million one year ago. 

“We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter,” said Tim Cook, Apple’s CEO. “We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.”

“We’re pleased to have generated over $23 billion in cash flow from operations during the quarter,” said Peter Oppenheimer, Apple’s CFO. “We established new all-time quarterly records for iPhone and iPad sales, significantly broadened our ecosystem, and generated Apple’s highest quarterly revenue ever.”

This is just the type of good news that Apple needed, after a fair amount of negative press that has largely been overblown. Nevertheless, despite closing at $514.01, AAPL shares are now sitting at as low as $485 in after-hours trading as of writing.

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