Apple (AAPL) Reports Strong iPhone Sales, Revenues Of $35.3 Billion

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Apple Inc.
saw strong iPhone sales during Q3 2013.  Apple’s iPad sales have dropped a bit though.  Apple sold 31.2 million iPhones, which is a record for the June quarter.  This is up from the 26 million that was sold during the same period in 2012, but down from 37.4 million last quarter.

Apple sold 14.6 million iPads during this quarter, which is down from 17 million last year and 19.5 million in Q2.  Apple’s revenues hit $35.3 billion, which is up slightly from last year’s $35 billion figure.  It is down from last quarter’s $43.6 billion.  The profit hit $6.9 billion, which is down from $8.8 billion last year and $9.5 billion last quarter.

Sales of the iPhone was ahead of expectations in developed and emerging markets.  The iPhone 5 was the most sold iPhone during that time, but the company also sold many iPhone 4 and iPhone 4S devices during the quarter.  The iPhone 4 has become the phone of preference around first-time smartphone buyers.

“We have more than one tool in the toolbox,” stated Apple chief executive officer Tim Cook. “We’re working on some stuff that we’re really proud of.”

Apple sold 3.8 million Macs for the quarter, which is down from 4 million last year.

A new iPhone is rumored to be releasing this September and a new line of iPads this October.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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