Apples third quarter 2013 earning hit with $35.3 billion

Apple Inc. reported their third quarter earnings of 2013. Apples third quarter 2013 earning hit with $35.3 billion. In third quarter of this 2013  Apple sold 31.2 million iPhone sales and 14.6 million iPads.

Apple's third quarter earnings 2013By the strong sales of iPhone in this quarter Apple make a net profit of $6.9 billion. In the third quarter of 2012 Apple had an iPhone sales record of 26 million. So there is an impressive change within the graph of iPhone sales in 2013. Apples third quarter 2013 earning shows now company is on a strong marketing line.

Apple’s iPad and Mac sales had been declined in this quarter as compared to last year. The June quarter make sales of 14.6 million iPads and 3.8 million Mac, In last year it is 17 million and 4 million respectively.

“We are especially proud of our record June quarter iPhone sales of over 31 million and strong growth in revenue from iTunes, software and services. We are really excited about the upcoming release of iOS7 and OSX Mavericks, we are focused and working hard on some amazing new products and that we will introduce in the fall and across 2014” said Tim Cook the CEO of Apple Inc.

Apples third quarter 2013 earning overview

  • Have quarterly earnings of $35.3 billion.
  • The Company have a gross margin of 36% and 37%.
  • Apple have operating expenses between $3.9 billion and $3.95 billion.
  • Also have other income of $200 million.
  • Record revenue from iTunes.
  • Tax rate hit with 26.5%.

Other than revenue report Tim Cook also mentioned about iOS7 and about upcoming products from the company. It gives a clear indication about upcoming innovative products from Company. It is reported that the most hyped iPhone 5S will only announce at end of this year. It is because Apple have a plan to switch the screen size to larger one. If reports come true the upcoming iPhone will have a screen size of 4.3 inch. Anyway we can wait for official announcements.

image credit :fotopedia