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iPhone sales reach 33 million in the fourth quarter

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Via conference call, Apple has announced their fourth quarter earnings, providing their financial position as well as insights on how the company has performed. The company posted a quarterly revenue of $37.5 billion and net quarterly profit of $7.6 billion, compared to revenue of $36 billion and net profit of $8.2 billion in the same quarter last year. A gross margin of 37% was reported at the call, falling from 40% in the year-ago quarter, with international sales accounting for 60% of the quarterly revenue.

Apple CEO Tim Cook reported that Apple managed to sell a record 33.8 million iPhones and 14.1 million iPads during this time. In the same quarter last year, Apple sold 26.9 million iPhones and 14 million iPads. On the other hand, sales of Macintosh computers dropped down from 4.9 million a year ago to 4.6 million.

The Board of Directors announced  the company will distribute a dividend of $3.05 per share of the company’s common stock on November 11, 2013. Apple CFO Peter Oppenheimer said  the company managed to generate a whopping $9.9 billion in cash flow from operations and returned $7.8 billion in cash to shareholders through dividends and repurchases during the quarter, which is quite impressive.

“We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones,” said Tim Cook, Apple’s CEO. “We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS.”

Apple released several new products in the last quarter, including the new iPhone 5s and iPhone 5c. During the earnings call, Apple also projected the company will be able to generate a revenue of $55-58 billion with a gross margin between 36.5 and 37.5% for the first fiscal quarter of 2014.

It will be interesting to see how the analysts will respond to the recent earnings call and the projections made by Apple

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