Apple Declares Quarterly Dividend of $2.65 Per Common Share

Apple Declares Quarterly Dividend of $2.65 Per Common Share; $35B in Revenue; Sold 26M iPhones, 17M iPads, 4M Macs in Q3

Apple's CEO Tim cook announced "quarterly revenue of $35.0 billion and quarterly net profit of $8.8 billion, or $9.32 per diluted share" for its fiscal 2012 third quarter ended June 30, 2012.

These results compare to "revenue of $28.6 billion and net profit of $7.3 billion, or $7.79 per diluted share, in the year-ago quarter. Gross margin was 42.8 percent compared to 41.7 percent in the year-ago quarter," Apple posted.

International sales accounted for 62 percent of the quarter's revenue.

"We're thrilled with record sales of 17 million iPads in the June quarter," said Cook.

"We're continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share today," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65."

Apple's Board of Directors has declared a cash dividend of $2.65 per share of the Company's common stock. The dividend is payable on August 16, 2012.

Apple revealed that in Q3, it has:

  • "Sold 26.0 million iPhones in the quarter, representing 28 percent unit growth over the year-ago quarter
  • 17.0 million iPads were sold during the quarter, an 84 percent unit increase over the year-ago quarter
  • Company sold 4.0 million Macs during the quarter, a two percent unit increase over the year-ago quarter
  • 6.8 million iPods sold, a 10 percent unit decline from the year-ago quarter," Apple informed.

Q3 2012 Revenue by Product:

Desktops: $1.287 billion, down 19 percent from $1.58 billion a year earlier.
Portables: $3.646 billion, up 3 percent from $3.525 billion a year earlier.
iPod: $1.06 billion, down 20 percent from $1.325 billion a year earlier.
Music: $1.571 billion, up 29 percent from $1.571 billion a year earlier.
iPhone: $16.425 billion, up 22 percent from $13.31 billion a year earlier.
iPad: $9.17 billion, up 52 percent from $6.046 billion a year earlier.
Peripherals: $663 million, up 28 percent from $517 million a year earlier.
Software & Services: $891 million, up 28 percent from $696 million a year earlier.

Q3 2012 Unit Shipments by Product:

Desktops: 1.01 million units, down 13 percent from 1.155million units a year earlier.
Portables: 3.01 million units, up 8 percent from 2.792 million units a year earlier.
iPod: 6.751 million units, down 10 percent from 7.535 million units a year earlier.
iPhone: 26.03 million units, up 28 percent from 20.338 million units a year earlier.
iPad: 17.04 million units, up 84 percent from 9.246 million units a year earlier.

Q3 2012 Revenue by Geography:

Americas: $12.81 billion, up 26 percent from $10.126 billion a year earlier.
Europe: $8.24 billion, up 16 percent from $7.098 billion a year earlier.
Japan: $2.01 billion, up 33 percent from $1.5 billion a year earlier.
Asia Pacific: $7.89 billion, up 25 percent from $6.332 billion a year earlier.
Retail: $4.08 billion, up 317 percent from $3.505 billion a year earlier.