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/

Related Articles

Comments

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

If you would like to post a comment please signin to your account or register for an account.

KatsumiPosted:

CL4PTRAP I think people have realised they are over rated and over priced.


Apple produces some pretty good products. If a product is over-priced that doesn't mean that the product is low quality

LuckyOtterPosted:

Zuki iPhones are great and all that it's just once you've dropped it once it's already broken.


Had my iPhone 4 since it came out and dropped it many times and it's fine. Without a case. Anyway Apple products are so expensive and with MS products so much cheaper and the same tech might be the reason Apple isn't doing as good.

ZukiPosted:

iPhones are great and all that it's just once you've dropped it once it's already broken.

PlusnetPosted:

Gotta_Have_It They are too expensive that's why, many people buy the Kindle fire and Galaxy note instead of macs and iPad's.


If I had the money, I would have a Mac. They're so nice, I just can't pay that much for one thing.

LichPosted:

I think people have realised they are over rated and over priced.

BigRedMachinePosted:

They are too expensive that's why, many people buy the Kindle fire and Galaxy note instead of macs and iPad's.

jacobisthebossPosted:

The iPad was always going to drop sales when the Kindle fire hd and galaxy note were released; they're cheaper with barely any sacrifice of a machine

UG_UnknownPosted:

There Products are expensive soo I wouldnt be surprised!

GeorgasmPosted:

Mazur How do profits fall yet the sales rise...


Despite the increasing sales of iPhones, there was a decrease in sales of the iPad and Macs.

GregPosted:

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


Latest Downloads

Latest Tutorials