Apple posts $54.5 billion revenue for Q1 2013
24 Jan 2013
Apple yesterday posted a revenue of $54.5 billion and a net profit of $13.1 billion, or $13.81 per diluted share for the 2013 first quarter, which ended on 29 December 2012.
Apple sold 47.8 million iPhones, a 10.8-million jump from the 37 million sold in Q1 2012. iPad sales remained strong with Apple selling 22.9 million iPads, constituting a significant increase compared to 15.4 million iPads for the same-quarter last year.
CEO Tim Cook discussed different screen sizes for the iPhone, and iPad growth in an investor call.
Concerns had been expressed that Apple's iPhone was not able to compete with other smartphones featuring bigger screens. While rival Samsung's flagship device, the Galaxy S III comes with a 4.8-inch screen the iPhone 5 has a 4-inch screen.
Cook however refused comment on the possibility of Apple changing the screen size. He said a lot of thinking had gone into the screen size and the company believed it had picked the right one.
In what is seen as unusual move for Apple, which typically is known not to respond to speculation, Cook addressed the production cutback rumours at length on the conference call and questioned the accuracy of rumors about its plans.
