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Tuesday, April 23, 2013

Quarterly profit drops at Apple

Apple’s results for the second quarter of its current financial year - the three months until 30th March 2013 - show quarterly revenue of $43.6 billion (£28.6 billion; up 11% year-on-year) and quarterly net profit of $9.5 billion (down 18%). It’s the first drop in quarterly profit for several years.

The company sold 37.4 million iPhones in the quarter (up from 35.1 million in the same quarter last year) and 19.5 million iPads (up from 11.8 million). iPod sales fell to 5.6 million units, while Mac sales were relatively stable at just under 4 million.

Tim Cook, Apple’s CEO, said “We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad. Our teams are hard at work on some amazing new hardware, software, and services and we are very excited about the products in our pipeline.”

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Author: The Fonecast
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