manorama news paper: Apple reports Q3 2013 revenue of $35.3 billion: 31.2 million iPhones sold, iPad and Mac sales decline

Tuesday, July 23, 2013

Apple reports Q3 2013 revenue of $35.3 billion: 31.2 million iPhones sold, iPad and Mac sales decline

It hasn't been a particularly quiet quarter for Apple, at least in the announcement department. But, as far actually shipping new products, Q3 of 2013 has been relatively uneventful. Perhaps that's why the company's revenues are down to $35.3 billion, from $43.6 billion in Q2. Still, while its revenues are down significantly from the last two quarters, things are pretty stable year-over-year. In fact, it's enjoyed a small increase over the $35 billion it raked in during Q3 of 2012. Still, while revenues are up, profits are down. $6.9 billion in net income is hardly anything to snub your nose at, but it does represent a notable drop from the $8.8 billion Apple pocketed in the same quarter last year. That's at least partially attributable to a year-over-year drop in both iPad and Mac sales, though the 31.2 million iPhones sold is a record for the June quarter -- up 20 percent from last year. The decline in iPad sales is particularly notable. After selling 17 million iOS tablets in Q3 of 2012 and 19.5 million just last quarter, Apple only managed to sell 14.6 slates in the three month period ending June 30th. Mac sales were down less dramatically, from 4 million to 3.8 million, year-over-year, though those numbers are roughly flat sequentially.

The iPod line continued its rather swift decline in Q3, with sales dropping 19 percent sequentially and 32 percent year-over-year. The impressive uptick in iPhone sales does help balance out the drop, but it appears the writing is on the wall for the product family that helped kick start the digital music revolution. All the blame for Apple's declining profits can not be blamed on the iPod, however. Sales are down pretty much across the board, both sequentially and year-over-year, with the exception of the iPhone. All the while, Cupertino's expenses keep increasing.

You'll find updates and more numbers after the break from Apple's earnings call.

Filed under: Cellphones, Misc, Mobile, Apple