Apple profits fall again but iPhone sales rise

4.6
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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Ted-Posted:

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

FamousPosted:

Requirement At least they are still making a lot of money.


They are making to much money, lol

RequirementPosted:

At least they are still making a lot of money.

gmlukensPosted:

Apple probably has enough money as it is...

MultitaskPosted:

CHP
Krimson idk why people keep buying the new iphones there not even that good.

i like mine tho. aand it is crazy how many people have them though


well its decent but compared to other phones like HTC , S4 etc

CHPPosted:

Krimson idk why people keep buying the new iphones there not even that good.

i like mine tho. aand it is crazy how many people have them though

MultitaskPosted:

idk why people keep buying the new iphones there not even that good.

KatsukiPosted:

hmm i hate apple i would buy samsung galaxy s4

MaggardoPosted:

If the Apple products, was more cheaper, maybe sales would rise again!

KatsumiPosted:

Zero_Point_Five TBH it's really not that much of a loss to them...


The real loss will occur if their sales keep falling over the coming years, lets just hope that this isn't the case