Apple 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.