Apple on Tuesday reported fiscal third-quarter revenues of $35.3 billion and profits of $6.9 billion, or $7.47 per share.?The revenue number is basically even with Apple?s results from a year ago, but its profits were off by almost $2 billion. Revenues were mostly in line with?Wall Street?s expectations of $35.09 billion and slightly above its earnings per share expectation of around $7.31.?Apple itself had predicted revenues between?$33.5 billion and $35.5 billion.
While Mac and iPad shipments dropped from the same quarter a year ago, iPhone shipments actually grew 20 percent:
- 31.2 million iPhones shipped, versus 26 million a year ago
- 14.6 million iPads shipped, versus 17 million last year this time
- 3.8 million Macs shipped, compared to 4 million a year ago
The iPad sales dip was mostly expected since the April-June quarter a year ago was the first quarter of sales for the third-generation iPad. Apple skipped a spring iPad release this year after surprisingly releasing the fourth-generation of the device last October.
Still, CEO Tim Cook was predictably upbeat: ?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,? he said in a statement.
He also inevitably looked ahead to what Apple has coming up: ?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.?
For the July-September quarter, which for Apple will close out its fiscal year, the company forecast?revenue between $34 billion and $37 billion and for the second quarter in a row did not estimate or give a range for expected earnings per share.
Wall Street reacted positively to Apple?s earnings, sending the stock up by nearly 4 percent in after-hours trading to $435.
AAPL data by YCharts
Source: http://gigaom.com/2013/07/23/apples-q3-profits-ipad-sales-dip-while-iphone-sales-reach-over-31m/
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