A 20 percent year-on-year rise in iPhone sales helped Apple (NASDAQ:AAPL) post healthy revenues of $35.3 billion in the firm's most recent financial quarter, but neither factor could halt a slip in profits.
Apple announced it sold 31.2 million iPhones in Q2 2013, up on the 26 million units it sold during the same period in 2012.
However, while revenue was also up year-on-year by a marginal, but not insignificant 0.86 percent net profit fell to $6.9 billion, down from the $8.8 billion amassed during in Q2 2012.
It's the second quarter in a row where profits have fallen year-on-year.
'Record quarter'
Sales of Apple's iPad are also down falling more than 14 percent to 14.6 million units, though the company claimed Q2 2013 still qualified as a "record" quarter.
"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 CEO Tim Cook.
"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."
'Busy fall'
While investors are concerned Apple has no plan to grow its business in its most important overseas market, China, the company itself still believes it has room to expand in the west. Indeed, speaking in the post results conference call, Cook noted that Apple is "on track for a busy fall."
It's expected new iPhone and iPad models will be unveiled before the end of the year, with controller support for iOS 7 also reigniting speculation an app-equipped Apple TV is also being readied for launch.
Shares in Apple rose by 4 percent after the release of the results.
[source: Apple]
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Top Stories
News
May 4th, 2024
PocketGamer.biz Podcast Week in Views E10 - Brawl Stars smashes 2023 revenue, Square Enix’s extraordinary losses, and Haaland signs for Clash of Clans
News
May 3rd, 2024
Week in Views - Apple back themselves bigstyle, Clash bags Haaland and dreams come true at King
Events
LA Games Conference 2024 | North America | May 6th |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
WN Conference Istanbul 2024 | Jun 11th | |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Develop: Brighton 2024 | Europe | Jul 9th |