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23 Apr 2013
Apple quarterly earnings beat estimates
FXstreet.com (Barcelona) - Apple earning reelts are out, with the tech giant beating the revenue forecast at $43.6b vs. $42.49b. Apple sold 37.4m iPhones and 19.5m iPads. Geographically, Apple said international sales accounted for 66% of Q2 revenue.
The company also beat expectations on profit $10.07b vs. $10b. It was also reported that Apple will boost buyback by $50bn. Apple margins stood at 37.5 vs. 38.5% estimate. Apple dividend was also increased by 15%. Apple is expecting to pay back over $100 billion to shareholders by the end of 2015.
Going forward, Apple projects 3Q revenue at $33.5-$35.5 billion vs estimated $38.4 billion, while the third quarter gross margin is estimated to stay around 36%-37%. Apple trading to resume at 4:50pm ET.
The company also beat expectations on profit $10.07b vs. $10b. It was also reported that Apple will boost buyback by $50bn. Apple margins stood at 37.5 vs. 38.5% estimate. Apple dividend was also increased by 15%. Apple is expecting to pay back over $100 billion to shareholders by the end of 2015.
Going forward, Apple projects 3Q revenue at $33.5-$35.5 billion vs estimated $38.4 billion, while the third quarter gross margin is estimated to stay around 36%-37%. Apple trading to resume at 4:50pm ET.