Today Apple released its Q3 2013 earnings report which reports the company sold more iPhones than the same quarter last year, but fewer iPads and Macs.
Apple posted a quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion. That’s compared to revenue of $35 billion and net profit of $8.8 billion in the third quarter of fiscal 2012. The company’s cash on hand also increased to $146.6 billion following the quarter.
In the third quarter of fiscal 2013 (which ended in June 2013) Apple sold a total of 31.2 million iPhones worldwide. That’s up from 26 million iPhones in the year-ago quarter. The 31.2 million figure is a record for a June quarter, proving that despite competition from Samsung and other companies Apple still sells a lot of iPhones.
Apple didn’t sell nearly as many iPads, however. The company sold a total of 14.6 million iPads during the quarter, down from 17 million iPads in the year-ago quarter. Apple doesn’t break down how many of which model it sold, so it’s impossible to tell how many iPad minis it sold compared to 9.7-inch iPads. The same goes for individual models of iPhones and Macs.
Mac sales were also down slightly from the year-ago quarter. Apple sold 3.8 million Macs in the June quarter, compared to 4 million in the same quarter last year. Those numbers are lower despite the new MacBook Air refresh which brings the more battery efficient Intel Haswell processors to the thin laptops.
Apple didn’t, however, update the MacBook Pro, and only teased an update to the Mac Pro, which could be the cause for the lower sales. Some users are likely waiting for the new models of those Pro machines for better desktop performance or a Retina Display Mac with better battery life and graphics.
CEO Tim Cook was happy with the results of the quarter, including “strong growth from in revenue from iTunes, Software and Services.” The CEO also took the time to comment on the future, saying
“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.”
Following the earnings report Apple’s stock price [AAPL] increased to $440.07 in after hours trading, up from $418.99.
This article may contain affiliate links. Click here for more details.