Apple Earnings Confirm New iPhone Sales Record

Apple on Tuesday announced better than anticipated financial results for its fiscal 2013 third quarter. Apple posted quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share. Analysts had forecast quarterly revenue of $35 billion for Apple with an earnings-per-share of $7.30. Most notably for Apple’s Q3 was …   Read More

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Apple Earnings Confirm New iPhone Sales RecordApple on Tuesday announced better than anticipated financial results for its fiscal 2013 third quarter.

Apple posted quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share.

Analysts had forecast quarterly revenue of $35 billion for Apple with an earnings-per-share of $7.30.

Most notably for Apple’s Q3 was the record number of iPhones the company sold. Apple sold 31.2 million iPhones, which the company confirms is “a record for the June quarter, compared to 26 million in the year-ago quarter.”
Apple also sold 14.6 million iPads (lower than anticipated) and 3.8 million Macs.

“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,” said Tim Cook, Apple’s CEO. “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.”

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