Today Apple announced their earnings for Q2 2013. Apple’s revenue for the quarter was $43.6 billion with earnings at $10.09 per share. Apple’s profit for the quarter was $9.5 billion in profit. Analysts were expecting $41.82 billion in revenue with earnings of $9.92 per share. The profit report marks the first year-over-year drop in over 10 years at about 18%.
Peter Oppenheimer Posts
Apple Inc. CFO Peter Oppenheimer sent a brochure to Cupertino residents about the planned “Campus 2.” The brochure is asking for feedback in several ways. Some residents are concerned about the added traffic. Cupertino residents can fill out postage paid response card or fill out information on the Cupertino.org website. Below is a letter from one of Apple’s new neighbors as obtained by 9to5Mac:
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Apple Inc. (NASDAQ:AAPL) is rumored to be talking to Blackstone Group’s Laurence Tosi to replace Peter Oppenheimer as the company CFO. Tosi told Blackstone CEO Stephen Schwarzman that he is planning to stay instead of joining Apple. However an Apple spokesman said that Apple is not looking for a new CFO.
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“For us, it’s about doing great products. When I look at netbooks, I see cracked keyboards, terrible software, junky hardware, very small screens. It’s just not a good consumer experience and not something we would put the Mac brand on. It’s a segment we would not choose to play in.”
Tim Cook made the above statement during Apple’s earnings call yesterday. Clearly Apple has a whole isn’t very fond of the whole netbook market. But they may very well be working on a tablet computer.
On the earnings call an analyst asked about the return of Steve Jobs. Apple CFO Peter Oppenheimer said that Jobs will be back in June as planned. The company has made about $8.16 billion in their last quarter and is sitting on $28.9 billion in cash. The company has also just hit 1 billion in application downloads.
Apple Inc. (NASDAQ:AAPL) has joined the Fortune 100 list for the first time since 1994. Not only did they join the top 100, but it was at the respectable rank of #71. Last year the company was ranked 103 so they had jumped 32 spots.
The Fortune 500 magazine ranks the U.S. based corporations based on highest revenues adjusted after taxes. In 1994, Apple made it to the Fortune 100 when they were building computers that had PowerPC processors and was shipping out Mac OS System 7. Steve Jobs was no longer with the company and would join 5 years later.
Today the company announced their 2nd quarter fiscal quarter results and they were astonishing. Apple recorded $8.16 billion in revenue for the quarter ending March 28. This is up from $7.5 billion the year before. The company sold 2.22 million Mac computers, 11 million iPods, and 3.79 million iPhones.
“We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history,” stated Apple CFO Peter Oppenheimer.
[via Apple PR]