Apple Reports Fiscal Q3 Results

23 July 2013

Apple:

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.

In summary: iOS sales up, revenue flat, margins down. iPhone sales are surprisingly strong, although product mix is likely to be weighted towards older, cheaper, models.