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Wednesday, July 24, 2013

Apple quarterly results show revenue up slightly but profit down

Yesterday evening Apple announced results for the third quarter of its financial year, with revenue up just 1% year-on-year to $35.3 billion (£23 billion) and net profit down over 21% to $6.9 billion (£4.5 billion).

31.2 million iPhones were sold during the April-June period, increasing year-on-year by 20% to a record for that quarter, while iPad sales fell 14% to 14.6 million units. Mac sales were down 7% to 3.8 million computers and iPod sales were down 32% to 4.6 million..

Tim Cook, Apple’s CEO, said “We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services. We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014.”

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Author: The Fonecast
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