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Apple Beats Street in Q4 2013 Earnings – 33.8M iPhones Sold

by Todd Haselton | October 28, 2013October 28, 2013 12:34 pm PDT

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Apple just posted its fourth quarter 2013 earnings, noting an earnings per share (EPS) of $8.26 on $37.5 billion in revenue. Wall Street analysts pegged an EPS of $7.96 on $36.93 billion in revenue for the quarter. By comparison, Apple reported revenue of $36 billion during the year-ago quarter.

Apple sold 14.1 million iPads during the quarter,  33.8 million iPhones and 4.6 million Mac computers. During the fourth quarter of 2012, Apple sold 14 million iPads, 45.6 million Macs and 26.9 million iPhones. In other words, iPhone sales are up, iPad sales are relatively flat and Mac sales are down a hair.

“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.”

At the time of publication, Apple’s stock was down 3.42 percent to $512.43 in after hours trading. Apple will host an earnings call at 5:00 p.m. EST where we expect to hear more information.

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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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