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Verizon and Apple Report Impressive Quarterly Earnings, International Markets Grab 61% of Apple’s Revenue

Apple in ChinaIn the midst of Verizon’s announcement of another impressive quarter, Apple has also released its first 2013 quarterly earnings today. Apple’s revenue totaled $54.5 billion with $13.1 billion in profit, or $13.81 per share. In comparison with Apple’s earnings of $46.3 billion 14 weeks ago, this quarter makes it Apple’s highest quarterly revenue ever. Additionally, Apple also announced that it has reached a new all-time quarterly record for iPhone and iPad sales.

A major impact on Apple’s recent numbers can be attributed to Verizon’s own record-breaking revenue. The largest wireless provider in the U.S. released earnings of $20 billion and 2.2 million retail net customers. Verizon now boasts 98.2 million total retail connections and claims that it covers 89% of the U.S. population with its LTE service.

The carrier also activated 9.8 million smartphones in this period. And a large majority of these devices are iPhones, Verizon reveals.  Verizon sold 6.2 million iPhones last quarter with about half of these sales coming from the iPhone 5 and the other half from the iPhone 4 and 4S.

Sales are still going strong despite reports of Apple shares falling below $500 due to rumors of weakening iPhone demand. And the massive revenue of Verizon and Apple points to the fast-growing rate of smartphone users as 80% of the world’s population now has a mobile phone and 1 billion are smartphone users. The boom in smartphone users worldwide has also made an impact on Apple, as this quarter’s international revenues made up 61% of Apple’s overall revenues. Emerging markets like Asia and Europe represent the biggest growth opportunities for smartphones and are becoming increasingly important to Apple.

With such growing numbers for Verizon and Apple, it’s not hard to see most of the world owning a smartphone in a few years’ time.

 

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