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Wireless

Apple posts revenue increase, net profit decline in Q3

Tuesday 23 July 2013 | 23:09 CET | News
Apple posted revenue of USD 35.3 billion for its fiscal third quarter, a slight year-over-year increase from USD 35 billion. Quarterly net profit declined to USD 6.9 billion or USD 7.47 per diluted share, from net profit of USD 8.8 billion or USD 9.32 per share. Gross margin for the three months to June was 36.9 percent, down from 42.8 percent. International sales accounted for 57 percent of the quarter's revenue. The results were in line with Apple's earlier outlook. For fiscal Q4, the company forecast revenue of USD 34-37 billion and a gross margin of 36-37 percent.

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Categories: Mobile & Wireless
Companies: Apple
Countries: World
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