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.

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

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YurPosted:

Well, they have a lot of money anyway..

generalhunterPosted:

Linear
-CP
Cokes Pretty surprising to be honest. If it wasn't for iPhones apple would be done the drain.


That is the same for most companies that have a star product.... It's like saying "If it wasn't for Windows, Microsoft would be down the drain." Thanks, Captain Obvious.


That's really not the same thing. The iPhone is one of many 'star' products, like the iPad and iPod, Windows is the sole product of Microsoft. Microsoft Games have Xbox, so on and so forth.


Microsoft make next to no profit from the Xbox all their sales come from Windows but they're trying to get in the App market that's why they look at the big companies like Apple & Google as the contender and not Sony

LinearPosted:

-CP
Cokes Pretty surprising to be honest. If it wasn't for iPhones apple would be done the drain.


That is the same for most companies that have a star product.... It's like saying "If it wasn't for Windows, Microsoft would be down the drain." Thanks, Captain Obvious.


That's really not the same thing. The iPhone is one of many 'star' products, like the iPad and iPod, Windows is the sole product of Microsoft. Microsoft Games have Xbox, so on and so forth.

PlusnetPosted:

daw Like their not making enough...


Only a few billion....They need money.

Aisaka_TaigaPosted:

daw Like their not making enough...


Right what the f***.

-CPPosted:

Cokes Pretty surprising to be honest. If it wasn't for iPhones apple would be done the drain.


That is the same for most companies that have a star product.... It's like saying "If it wasn't for Windows, Microsoft would be down the drain." Thanks, Captain Obvious.

CokesPosted:

Pretty surprising to be honest. If it wasn't for iPhones apple would be done the drain.

IndianBoymodzPosted:

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

Because the cost of producing iPad is cheap compared to iPhone so they make less money off of iphones then ipads

MazurPosted:

How do profits fall yet the sales rise...

EvoVIIIPosted:

Wow I Really Hope They Are Not Complaining.


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