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Apple Reports Third Quarter Results
Tuesday, July 23, 2013 - 4:36 PM EST
Posted by: Staff

Apple today announced financial results for its fiscal 2013 third quarter ended June 29, 2013. The company posted quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share. These results compare to revenue of $35 billion and net profit of $8.8 billion, or $9.32 per diluted share, in the year-ago quarter. Gross margin was 36.9 percent compared to 42.8 percent in the year-ago quarter. International sales accounted for 57 percent of the quarter's revenue.

"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."

The company also announced that it sold 31.2 million iPhones (up from 26 million a year ago), 14.6 million iPads (down from 17 million a year ago), and 3.8 million Macs (down from 4 million a year ago).

You can listen to the conference call here for more information about these results.



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