From all those millions upon millions of sales, the company made a revenue of $35.3 billion, which relates to somewhere around $6.9 billion in profit. Not bad at all, considering the fact that these numbers are more or less made by iPhones, as the iPad didn’t achieve as many sales as expected, but still a number that Samsung and others is definitely craving for.
Apple’s Q3 earnings: the iPad is going down in sales
While the iPhone is the undisputed king in Apple sales, having a rise of 20 percent in sales year-over-year, the iPad didn’t have such a good quarter, sales being down by 14.1 percent. Also, 57 percent of the company’s income came from overseas. The estimates for Q3 were also beaten by the iPhone, which were between 26.57 million and 27.89 million, but once again, the iPad lagged behind and didn’t reach its estimate of 17.62 million to 18.64 million. Nonetheless, Apple’s CEO, Tim Cook, is very excited with these numbers, having stated that: and he is very optimistic about the upcoming events, such as the launch of iOS 7 and Mac OS X Mavericks but we didn’t get to see any details about detailed iPad Mini shipments, though: Apple’s Macs also went down a notch, being just shy of the 4 million mark that were estimated. The company sold 3.8 million Macs, which is still a good number, however, it seems that the Apple product that everyone wants is the iPhone. After running the numbers, Apple’s Board of Directors stated that shareholders will be expected to receive $3.05 per share on August 15, 2013. Once more, here are the most important details you need to know from Appe’s Q3 earnings call:
31.2 million iPhones sold, up from 26.0 million during Q3 in 2012, up 20% year-over-year 14.6 million iPads sold, less than the 17.0 million it sold a year ago, down 14.1% year-over-year (first ever) 3.75 million Macs sold, slightly less than last year’s 4.0 million, 7 percent decline Rvenue of $35.3 billion Net profit of $6.9 billion, or $7.47 per diluted share International sales – 57 percent Developed and emerging markets like US, UK, Japan, Brazil, Russia, India, Thailand saw strong sales 90 percent loyalty rate among iPhone owners Gross margin – 36.9 percent, compared to 42.8 percent in the 2012 Q3 American Airlines, Cisco, General Electric, SAP deployed more than 20,000 iPhones across their enterprises $3.9 billion in revenue from iTunes More than 900 billion iMessages More than 8 trillion push notifications
Radu Tyrsina contributed to this post
