Apple September quarter results: iPhone sales and revenues up but Mac sales and profits down
Tuesday, October 29, 2013/
Apple has released its financial results for the September quarter, revealing year-on-year increases in iPhone sale volumes and revenues but a decrease in sales of its Mac computers and overall profits.
Revenue for the quarter was up slightly from $US36 billion during the September quarter a year ago to $US37.5 billion this year, with overseas sales accounting for 60% of the company’s revenues for the quarter.
However, net profits slipped from $US8.2 billion to $US7.5 billion as the company’s gross margin dropped from 40% to 37%.
Sales of the iPhone reached a September quarter record of 33.8 million units, up from 26.9 million during the same quarter last year.
Meanwhile, sales of iPads were nearly flat, at 14.1 million units this year compared to 14 million last year, while Mac sales fell by 300,000 units from 4.9 million units a year ago to 4.6 million this year.
“We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS,” Apple chief executive Tim Cook says in a statement.
The company also announced it expects December quarter revenues of between $US55 billion to $US58 billion.