Apple has just released its fiscal Q4 2013 earnings, reporting $37.5B in revenue, $7.5B in net profit representing $8.26 per share. That marks a y/y growth of 4.2% in Revenue and 4.7% decline in EPS, with net profit down 8.6% y/y.
Apple sold 33.8M iPhones, 14.1M iPads and 4.6M Macs in the quarter, which allowed it to post record Q4 revenue.
According to Fortune's collated estimates, street analysts had projected $37.14B in revenue with EPS of $8.67. Estimates put y/y revenue growth at 3% and earnings growth at -6%.
Apple's own guidance projected revenue at between $34B and $37B, with a gross margin of between 36% and 37%. Apple's estimates have become increasingly accurate over the past few quarters, ever since it changed the way that it gave guidance. Previously, it had a reputation for severely under-estimating future quarters and it's taken a bit of time for analysts to adjust to its new more conservative outlook.
For comparison, Apple brought in $35.3B in revenue last quarter, with $6.9B in profits at $7.47 EPS.
More to follow…
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