Byat Wednesday, July 24, 2013
It seems like the Cupertino tech giant could do no wrong in terms of sales of it's Apple-logo bearing devices. Not keeping in line with the continuous fall of Apple's share prices, money keeps pouring in Billions of Dollars as revenue and Q3 of 2013 has been no different.
The results for Apple's Q3 earnings have been detailed and like the brilliant nerdy kid who couldn't go below the A Grade, Tim Cooks and his team haven't disappointed us with their $35.3 Billion revenue. Out of this mega-Billion Dollar revenue, Apple has managed to score an astounding $6.9 Billion in profits.
As for the sales figures, iPhone sales were as strong as ever and for these three last months, the iPhone sold a little over 10 Million units per month. Total sales figures for Apple's iPhone for Q3 2013 accounted to 31.2 Million. On the other hand, iPad sales fell short of expectations and sold only 14.6 Million units. the main reason being the lack of a Retina-display iPad Mini(which might get delayed to 2014 due to shortage issues). Mac sales also added to Apple's revenue with 3.8 Million Mac sold this quarter!
Here are some comments by the CEO Tim Cooks and the CFO Peter Openheimer of Apple,
“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.”“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,” said Peter Oppenheimer, Apple’s CFO.”
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