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Apple releases third quarter financial results

Apple's 3rd quarter results for 2013 looks flat.

Jul 24 2013, 1:13am CDT | by

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Apple releases third quarter financial results

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Apple releases third quarter financial results

Today, Apple has released its financial results for the third quarter of 2013 which ended in June 29th. According to Apple, the company raked a quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share.

Compared to Cupertino's $35 billion third quarter revenue last year, and net profit which amounted to $8.8 billion ($9.32 per diluted share), the sales are pretty much the same. Apple also revealed that it sold 31.2 million iPhones - a huge leap to last year's 26 million.

iPad sales, however, saw a decline with only 14.6 million compared to 17 million in 2012. The same goes with Macs, with only 3.8 million of them sold in the quarter (Apple sold 4 million in 2012). In spite of the Q3 results, Apple CEO, Tim Cook, is hopeful about the future of the company.

“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,” said Cook. “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.”

Source: Apple


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<a href="/latest_stories/all/all/21" rel="author">Gene Ryan Briones</a>
Gene Ryan Briones (Google+) is a technology journalist with a wide experience in writing about the latest trends in the technology industry, ranging from mobile technology, gadgets and robots, as well as computer hardware and software.




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