Apple profits down despite record iPhone sales

Tuesday 29 October 2013 | 08:29 CET | News
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Apple reported revenues stronger than expected for its fiscal fourth quarter to September, led by record sales of the iPhone. Revenues rose to USD 37.5 billion from USD 36 billion a year earlier, just better than Apple's outlook of USD 34-37 billion. The gross margin was also at the top of its outlook, at 37 percent versus 40 percent a year earlier. Net profit fell to USD 7.5 billion or USD 8.26 per diluted share, from USD 8.2 billion or USD 8.67 per share in the year-ago quarter. The company sold 33.8 million iPhones, a record for the September quarter, compared to 26.9 million in the

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Categories: Mobile & Wireless
Companies: Apple
Countries: World
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