Apple Q3 2013 earnings bring dividend despite less-than-eventful market period

Jul 23, 2013
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This week Apple let loose their quarterly earnings for investors and the public alike, letting it be known that a quarterly revenue of $35.5 billion along with $6.9 billion in quarterly net profit is all well and good. This quarter saw the sales of 31.2 million iPhones, this a record for this quarter of the year, along with 14.6 million iPads - that's up for iPhones, down for iPads.

Meanwhile the company has declared a cash dividend, Apple's Board of Directors bringing a dividend of $3.05 per share of common stock in this period. This dividend is payable on the 15th of August, 2013, and shareholders of record as of August 12th, 2013 will be eligible for the payout.

“We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services. We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014.” - Apple CEO Tim Cook

This same quarter last year saw Apple bring in $8.8 billion in quarterly net profit one year ago, while revenue has also gone down from $43.6 billion this past quarter.

This past quarter didn't exactly come in as one of Apple's most mind-blowing when it comes to hardware, this resulting in an expected set of numbers as reported. What we did see, on the other hand, is previews of software such as OS X Mavericks and the next iPhone's iOS 7.

This Fall, Apple says, we'll be seeing some exciting new products - and if you're surprised by that suggestion, you've been living under a rock for the past few years. Without an iPhone, at that.

Stay tuned to SlashGear for additional analysis on this quarter's results, and stick around for the Q and A as well!


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