Apple has announced its financial results for the first quarter of 2013 (which the company itself refers to as its "Q2 2013" earnings, as these are for the second quarter of its 2013 fiscal year) and it continues to sell a ton of iPhones and iPads. The company revealed that it sold 37.4 million iPhones and 19.5 million iPads during the quarter that ended March 30th. That compares to 35.1 million iPhones and 11.8 million iPads for the same period a year ago.
Apple"s press release revealed that revenues for the quarter came in at $43.6 billion, with a net income of $9.5 billion. However, that number is lower than the $11.6 billion in net income it brought in for the same period a year ago. Mac sales units were slightly lower, with 3.9 million units for the quarter versus four million units for the same period a year ago. iPod sales came in at 5.6 million units compared to 7.6 million units from the same period a year ago.
The numbers were ahead of analysts expectations and as a result, Apple"s stock is now up five percent in after hours trading. However, Apple"s revenue predictions for the second quarter of 2013 are between $33.5 billion to $35.5 billion, which is lower than what analysts were expecting. Apple typically is highly conservative when it comes to their forward guidance.
Apple likely sold a lot of their iPad mini tablets last quarter
The biggest surprise is that Apple sold a lot more iPads that expected for the quarter, but at the moment there"s no word on how many of those units were the more expensive 10 inch model or the cheaper 7.8 inch iPad mini.
Source: Apple