Apple Announce Their Results For Q3, 2013
Posted: July 30, 2013 by Maja Johnson
Apple released their financial results for the third quarter of 2013. According to the numbers, the Cupertino tech giant managed to exceed experts' expectations as well as set a new June record in iPhone sales.
According to Apple's latest press release, the company reported a revenue of $35.3 billion for Q3 which ended on June 29. The company also earned a quarterly net profit of $6.9 billion, or more precisely $7.47 per share. Compared to the last year's quarter, Apple took a bit of a dip from the $35 billion with a net profit of $8.8 billion, or $9.32 per share. The gross margin in 2013 was 36.9% compared to the 42.8% last year.
In terms of sales, this quarter will be remembered by the record sales of iPhones in June. Compared to last year's Q3 when the company reported 26 million gadgets sold, the company sold an amazing 31.2 million this year. However, the sales of Apple's other products did not show any particular rise. Apple reported selling 14.6 million iPads and 3.8 million Macs. The company also announced the cash dividend to its shareholders in the amount of $3.05 per share.