Latest News:  


Apple's flat quarterly earnings beat estimates


07:53, January 24, 2013

SAN FRANCISCO, Jan. 23 (Xinhua) -- Apple on Wednesday reported flat earnings in its most recent fiscal quarter, and the result slightly beat analysts' estimates.

In its fiscal 2013 first quarter that ended in December 2012, Apple posted a net profit of 13.1 billion U.S. dollars, the same as the year-ago period.

Earnings per share were 13.81 dollars, compared to 13.87 dollars in the same quarter of the previous year.

Apple's revenue in the quarter reached 54.5 billion dollars, representing an increase of nearly 18 percent year on year.

Analysts polled by Thomson Reuters on average had anticipated earnings per share of 13.41 dollars on revenue of 54.7 billion dollars.

Apple said that it sold 47.8 million iPhones in the last three months of 2012, compared to 37 million in the year-ago quarter. Sales of Apple's iPad also rose from 15.4 million to 22.9 million year on year.

The company also sold 4.1 million Mac computers and 12.7 million iPod media players in the quarter, compared to 5.2 million and 15.4 million respectively in the same period a year earlier.

Apple's earnings per share in the quarter represented a rare year-on-year drop for the company, which may indicate that its new line of products, including the iPad mini, are hurting its high profit margins.

The latest earnings report is one of the most anticipated for Apple in years, as there has been rising concerns that the company 's popular products such as iPhone are losing ground to competitors and that its growth has passed the zenith.

Investors' sentiment has dragged Apple's stock down by nearly 30 percent from its peak of over 700 dollars in September 2012.

Apple shares dropped more than 6 percent on Wednesday in after- hours trading after the company released its earnings report.


Leave your comment0 comments

  1. Name


Selections for you

  1. Beijing MAC organizes actual-troop drill

  2. Multi-types of naval airplanes in training

  3. The world in photos(2013.1.13-1.20)

  4. Migrants back home ahead of travel peak

  5. Beijing issues yellow alert for heavy fog

  6. Uncover the myth of 'devil training'

  7. Reviving the lost art of making silk parasols

  8. Backstreet Boys to start world tour

  9. Competitive edge as top manufacturer

  10. Two men simulate labor pains

Most Popular


  1. The 'artificialness' in Chinese movies
  2. China to ensure appearance of witnesses in court
  3. Competition about to heat up for public funds
  4. Huawei deserves a fair playing field in US
  5. Advanced placement courses let children 'fly higher'
  6. New effort to boost consolidation
  7. Visits bring opportunities to Sino-Japanese ties
  8. Put power in cage
  9. Only children in China, a 'beat generation'?
  10. Political sessions panting over 'Beijing cough' label

What’s happening in China

Beijing style: Duck, opera, fog and cough...

  1. 5.1-magnitude quake hits northeast China
  2. Ex-bank chief 'held 4 hukou to buy property'
  3. Beijing chokes on lingering smog
  4. Intruding workers force suspension of city subway
  5. Middle-class Chinese snap up overseas luxury