Apple reveals less than stellar Q3 2013 fiscal resultsBy Hanleigh Daniels 24 July 2013 | Categories: news
The winding down of Apple’s phenomenal money making streak continued during its fiscal Q3 2013, as the company’s quarterly net profits decreased for the second straight quarter.
Cupertino posted quarterly revenue of $35.3 billion, slightly up from $35 billion in Q3 2012, and a quarterly net profit of $6.9 billion, down from last year’s net profits of $8.8 billion. International sales accounted for 57% of the quarter’s revenue.
Despite the fact that Apple is expected to unveil the iPhone 5S as well as a more affordable iPhone model within the next quarter, the company still managed to sell a record amount of iPhones for its June quarter.
Apple sold 31.2 million iPhones, compared to 26 million in the year-ago quarter, as well as 14.6 million iPads, which is down from the 17 million it sold during Q3 2012. The company is not immune to the recent downturn experienced by the computer industry as a whole, selling 3.8 million Mac computers, compared to 4 million within Q3 2012.
An even more significant drop was registered by the company’s iPod range, with Apple selling around 4.6 million iPods compared to approximately 6.8 million in Q3 2012 and 5.6 million in Q2 2013.
“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.”
Peter Oppenheimer, Apple’s CFO added: “We generated $7.8 billion in cash flow from operations during the quarter and are pleased to have returned $18.8 billion in cash to shareholders through dividends and share repurchases.”
In related news, Apple recently became the latest tech company to see its security infrastructure fall foul of unwelcome intrusions, as its developer centre was apparently compromised by hackers.
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