Apple profits fall again but iPhone sales rise

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Apple has reported a second consecutive drop in quarterly profits despite a significant increase in iPhone sales.

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.

Posted:
Related Forum: Mobile Devices

Source: http://www.computerandvideogames.com/420515/apple-profits-fall-again-but-iphone-sales-rise/

Comments

"Apple profits fall again but iPhone sales rise" :: Login/Create an Account :: 67 comments

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Truth-Posted:

They should take in the fact that like everyone has an iPhone or Apple product, Obviously your selling rate will decrease.

DJMarkyMarkPosted:

GinoBANGZ Lol all the iphones are the same even the iOS.


All the iPhones are not the same lol. Each iPhone that comes out has a had a better display, processor chip, battery life, and much more than the previous model. There is a pretty significant difference between each model of the iPhones.

CokesPosted:

Ella Hmm maybe with IOS7 coming soon that will increase there profits but they already have plenty of money not really that big of a deal they are still selling good.


An iOS update won't increase the profits that much. The thing that will actually make a difference is the iPhone 5s

WoobiePosted:

They're coasting off the iPhones success it seems.

EllaPosted:

Hmm maybe with IOS7 coming soon that will increase there profits but they already have plenty of money not really that big of a deal they are still selling good.

ArmoredHazmatPosted:

Its only a matter of time before the giant starts its downfall. Looks like its now! =)

GinoBANGZPosted:

Lol all the iphones are the same even the iOS.

CokesPosted:

seem cant wait for the new iphone


That may boost their sales a little.

AwakePosted:

Ted- Oh yea they aren't making that much. 35 billion is nothing


they dont make 35 million they spend most of it on wages and development

SeemPosted:

cant wait for the new iphone