Apple Reports $35.3 Billion in Revenue, $6.9 Billion Profit for Fiscal Q3 2013

by Reads (1,459)

Apple LogoApple recently reported its fiscal third quarter results, where it revealed that the company’s revenue for Q3 2013 is down to $35.3 billion, a significant dip from last quarter when its revenue was at $43.6 billion.

The slightly better news here is that, despite the decline over the course of the past two quarters, Apple’s revenue numbers are relatively consistent year-over-year. The Q3 2013 earnings are actually a shade higher than Q3 2012, when Apple’s revenue was at $35 billion. This all said, however, profits are still down.

Apple pulled in $6.9 billion in profits in Q3 2013, which may seem impressive on the surface, but it is a noticeable decline from last year at the same time, where it managed to rack up $8.8 billion. While Apple set a new record for iPhones sold in the June quarter with 31.2 million sales, iPad and Mac sales both saw a decline, undoubtedly a contributing factor to the decreased profits.

Apple was only able to sell 14.6 tablets in Q3 2013, a drop from 19.5 million last quarter and from 17 million year-over-year. Mac sales did not see as dramatic of a drop, going down from 4 million to 3.8 million year-over-year. iPod sales didn’t help much either, continuing their decline by 19 percent from last quarter and 32 percent year-over-year.

Source: Engadget



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