Andre Yoskowitz
28 Oct 2013 22:32
Apple has reported their quarterly financial results this afternoon, having another standard strong quarter.
The company reported $7.5 billion profit on revenue of $37.5 billion, slight growth from the same quarter last year where they reported $36 billion.
Investors were generally satisfied, although gross margins fell from 40 percent to 37 percent, a steep decline that has spooked investors and analysts.
iPhone sales came in at 33.8 million, a large jump year-over-year from 26.9 million. The iPhone 5S and 5C were only on sale for 10 days of the quarter, but Apple sold at least 9 million of the devices, which they confirmed as their launch weekend figures.
iPad sales were flat, at 14.1 million, given that everyone expected the company to unveil new devices this month (which they did). The Mac line of computers reached 4.6 million devices sold, also flat and iPod sales continued their demise, at 3.5 million units sold and a negligible $573 million in revenue.