Apple's Q1 revenue grows, but Mac sales fall
IPhone and iPad sales grew
IDG News Service - Apple's revenue grew but profit was flat in its first fiscal quarter of 2013, during which sales of iPhones and iPads rose, but Mac and iPod shipments dropped.
Apple reported a net profit of $13.1 billion for the quarter ended Dec. 29, matching the profit reported in 2012's first fiscal quarter. Earnings per share were $13.81, which was higher than the consensus estimate of $13.47 from analysts polled by Thomson Reuters.
The company reported revenue of $54.5 billion, up from $46.3 billion year on year.
Sales of Mac computers and iPods fell during the quarter. Mac sales totaled 4.1 million, dropping from 5.2 million. The fall in Mac shipments comes amid struggles in the personal computer market. Worldwide PC shipments fell by 6.4% during the fourth calendar quarter of 2012 compared to the same quarter in 2011, according to research firm IDC.
IPod shipments fell to 12.7 million units compared to 15.4 million units in the year-ago quarter.
Apple blamed a shorter, 13-week quarter and a shortage of new iMacs for the lower Mac shipments. Apple announced iMacs with 21.5-inch and 27-inch screens in October, but shipments started only later in the quarter as supplies of the all-in-one desktop systems were constrained.
IMac shipments were down by 700,000 units year over year, and sales would have been stronger had the computers become available sooner, said Tim Cook, Apple's CEO, during a conference call.
Cook also acknowledged that a weakness in the PC market may have had an effect on Mac shipments, and that growth in iPads also hurt Mac shipments to a limited extent.
Apple sold 47.8 million iPhones during the first quarter, growing from 37 million. Apple sold 22.9 million iPads, growing from 15.4 million.
Apple now offers two iPads -- the fourth-generation iPad with a 9.7-inch screen and the iPad Mini with a 7.9-inch screen. Apple did not provide a breakdown of specific sales related to each iPad model, but there have been concerns among analysts that the iPad Mini sales are affecting the fourth-generation iPad sales. Apple shipped the new iPad models in early November and announced it had sold 3 million units in the first three days.
Apple executives did not break down iPad and iPad Mini shipments. However, Cook said demand for both products was strong.
"For last quarter we had strong sales of iPad and iPad Mini," Cook said, avoiding any breakdown between the products that might have shown the less expensive Mini stealing sales from the iPad.
The supplies of iPad Mini tablets will remain constrained, and the company ended the quarter with a backlog of orders, said Peter Oppenheimer, Apple's chief financial officer, during the call.
- Long replacement cycle drags down iPad sales
- Apple unwraps OS X Yosemite public beta Thursday
- Apple grows Mac sales by 18% on the back of the MacBook Air
- Want an Apple watch? Just 3D print one
- What to listen for during Apple's earnings call today
- Mac sales will again outstrip industry average
- Apple, IBM spell out enterprise support for iPhone, iPad
- Timeline: How Apple's iOS gained enterprise cred
- Apple and IBM: A winning combo for IT
- Why Microsoft isn't spooked by the Apple-IBM alliance
- Top 3 Myths about Big Data Security : Debunking common misconceptions about big data security Big data represents massive business possibilities and competitive advantage for organizations that are able to harness and use that information. But how are...
- Magic Quadrant for Data Masking Technology IBM is a leader in Gartner Inc's Magic Quadrant for Data Masking Technology. Read the full report to learn about IBM.
- Best Practices for Securing Hadoop Historically, Apache Hadoop has provided limited security capabilities. To protect sensitive data being stored and analyzed in Hadoop, security architects should use a...
- Top Tips for Securing Big Data Environments: Why Big Data Doesn't Have to Mean Big Security Challenges Organizations must come to terms with the security challenges they introduce. As big data environments ingest more data, organizations will face significant risks...
- What should I look for in a Next Generation Firewall? SANS Provides Guidance With so many vendors claiming to have a Next Generation Firewall (NGFW), it can be difficult to tell what makes each one different....
- Why Are Customers Really Deploying an NGFW? It seems every IT Security expert is talking about the NGFW, but what are people really doing? This webcast covers 5 real-world customer... All Macintosh White Papers | Webcasts
Our new weekly Consumerization of IT newsletter covers a wide range of trends including BYOD, smartphones, tablets, MDM, cloud, social and what it all means for IT. Subscribe now and stay up to date!