Apple Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 29, 2012; Declares Cash Dividend, Payable on February 14, 2013
January 23, 2013 at 04:30 pm EST
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Apple Inc. reported unaudited consolidated earnings results for the first quarter ended December 29, 2012. For the quarter, the company reported net income of $13,078 million or $13.81 per diluted share on net sales of $54,512 million compared to net income of $13,064 million or $13.87 per diluted share on net sales of $46,333 million a year ago. Operating income was $17,210 million compared to $17,340 million a year ago. Income before provision for income taxes was $17,672 million compared to $17,477 million a year ago. Cash generated by operating activities was $23,426 million compared to $17,554 million a year ago. Payments for acquisition of property, plant and equipment was $2,317 million compared to $1,321 million a year ago. Payments for acquisition of intangible assets was $138 million compared to $108 million a year ago.
The Board of Directors has declared a cash dividend of $2.65 per share of the company's common stock. The dividend is payable on February 14, 2013, to shareholders of record as of the close of business on February 11, 2013.
Apple Inc. specializes in the design, manufacture and marketing of computer hardware and music supports. Net sales break down by family of products and services as follows:
- telephone products (52.1%): iPhone brand;
- peripheral devices (10.5%): screens, storage systems, printers, video camera, memory cards, server, switches, etc.;
- computers (10.2%): laptops (MacBook, MacBook Air and MacBook Pro brands) and PCs (iMac, Mac mini, Mac Pro and Xserve);
- music support (7.4%): music readers iPod and iPad and accessories;
- other (19.8%): software, maintenance service and Internet access service, etc.
Net sales are distributed geographically as follows: Americas (42.4%), China/Hong Kong/Taiwan (18.9%), Japan (6.3%), Asia/Pacific (7.7%) and Europe/India/Middle East/Africa (24.7%).
Apple Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 29, 2012; Declares Cash Dividend, Payable on February 14, 2013