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Apple by the numbers

For the second quarter in a row, the world’s largest company (by market value) disappointed investors with its earnings report. The company earned $8.2 billion on revenue of $36 billion for the quarter, up sharply from a year ago but still not good enough for Wall Street. After hitting a high of $705 in late September, Apple stock is now close to $600 per share.

The introduction of the iPhone 5 late in the quarter helped boost iPhone sales to 26.9 million, up 58% from the year-ago quarter. Apple sold 14 million iPads, up 26% from a year ago, while Macintosh computer sales were basically flat at 4.9 million units. Some analysts had expected iPad sales to be much stronger, but others point out that this could have been a weak quarter for the iPad because potential buyers were awaiting the iPad Mini.

Apple’s sales for the trailing 12 months are $156 billion, greater than the GDP of 129 countries. (There are 55 countries with a gross domestic product greater than Apple’s revenue, according to the International Monetary Fund.) The company has $121 billion in cash and securities (short and long-term) on its balance sheet, more than the GDP of 127 countries.

Apple continues to share the wealth with its shareholders. The company has declared a cash dividend of $2.65 per share payable to shareholders of record as of November 12, 2012. That comes to roughly $2.5 billion Apple will spend on dividend payments for the quarter, more than twice what the company spent on research and development during Q3.

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ABOUT AUTHOR

Martha DeGrasse
Martha DeGrassehttp://www.nbreports.com
Martha DeGrasse is the publisher of Network Builder Reports (nbreports.com). At RCR, Martha authored more than 20 in-depth feature reports and more than 2,400 news articles. She also created the Mobile Minute and the 5 Things to Know Today series. Prior to joining RCR Wireless News, Martha produced business and technology news for CNN and Dow Jones in New York and managed the online editorial group at Hoover’s Online before taking a number of years off to be at home when her children were young. Martha is the board president of Austin's Trinity Center and is a member of the Women's Wireless Leadership Forum.

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