Apple released their Q2 2013 earnings Tuesday. After Tim Cook announced Apple revenue, APPL stocks rose to 1.87%. Looks like a lot of investors likes what they see in Apple’s revenue in Q2.
Here are the comments of Tim Cook and Peter Oppenheimer:
“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.”
“Our cash generation remains very strong, with $12.5 billion in cash flow from operations during the quarter and an ending cash balance of $145 billion,” said Peter Oppenheimer, Apple’s CFO.”
Apple Q2 2013 Revenue Breakdown:
- Revenue – $43.6 billion
- EPS (earnings per share) – $10.09
- Gross margin – 37.5%
- iPhones – 37.4 million
- iPads – 19.5 million
- Macs – Just under 4 million
- iPods – 5.6 million
Tim Cook also hinted in the call that Apple is busy in inventing new products. Rumors are swirling around the internet that the new products are iwatch and iTV.