Apple profits fall again but iPhone sales rise
The company posted revenue of $35.3 billion (£23b) and net profit of $6.9 billion (£4.5b) for the three months ended June 29, 2013, compared to revenue of $35 billion (£22.8b) and net profit of $8.8 billion (£5.7b) for the same period a year ago.
Apple sold 31.2 million iPhones, a record for its third quarter, compared to 26 million a year ago. However, IPad sales declined from 17 million to 14.6 million, while Mac sales dipped from four million to 3.8 million.
Apple CEO Tim Cook 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."
In April, Apple posted its first quarterly drop in profits in ten years, shortly before announcing that iOS App Store downloads had topped 50 billion. In early July, Apple revealed the all-time best selling iPhone and iPad apps.
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Related Forum: Mobile Devices
Source: http://www.computerandvideogames.com/420515/apple-profits-fall-again-but-iphone-sales-rise/
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Comments
IlIuminatiPosted:
IceDrop Everyone keeps hating on apple but still buys there products
Because its getting boring
CanidaePosted:
Apple wouldn't be where it is today without the iPhone. For them to not really be reinventing it either, that's risky. People are going to catch on and start taking their business elsewhere.
FYIPosted:
F-18 So, uhm. How does that work.
Because they are not selling enough of everything else?
KatsumiPosted:
Truth- They should take in the fact that like everyone has an iPhone or Apple product, Obviously your selling rate will decrease.
That's mainly because the iPhone is one of the most simplistic smart phones on the market, pretty much anybody can learn to use it. People also like to have the most popular brands
KatsumiPosted:
Woobie They're coasting off the iPhones success it seems.
That's how it's looking at the moment, if the iPhone eventually fails they will fall face first at this point
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