Apple has just revealed its Q3 earnings report showing how well the Cupertino company is doing. From the figures, we see that they have done pretty god, having sales of 31.2 million iPhone units go off the shelves. The iPad has also done good, having sold 14.6 million devices to users worldwide.

From all those millions upon millions of sales, the company made a revenue of $35.3 billion, which relates to somewhere around $6.9 billion in profit. Not bad at all, considering the fact that these numbers are more or less made by iPhones, as the iPad didn’t achieve as many sales as expected, but still a number that Samsung and others is definitely craving for.

Apple’s Q3 earnings: the iPad is going down in sales

apple iphone ipad sales q3 2013

While the iPhone is the undisputed king in Apple sales, having a rise of 20 percent in sales year-over-year, the iPad didn’t have such a good quarter, sales being down by 14.1 percent. Also, 57 percent of the company’s income came from overseas. The estimates for Q3 were also beaten by the iPhone, which were between 26.57 million and 27.89 million, but once again, the iPad lagged behind and didn’t reach its estimate of 17.62 million to 18.64 million. Nonetheless, Apple’s CEO, Tim Cook, is very excited with these numbers, having stated that:

We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services

and he is very optimistic about the upcoming events, such as the launch of iOS 7 and Mac OS X Mavericks but we didn’t get to see any details about detailed iPad Mini shipments, though:

We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014

Apple’s Macs also went down a notch,  being just shy of the 4 million mark that were estimated. The company sold 3.8 million Macs, which is still a good number, however, it seems that the Apple product that everyone wants is the iPhone. After running the numbers, Apple’s Board of Directors stated that shareholders will be expected to receive $3.05 per share on August 15, 2013. Once more, here are the most important details you need to know from Appe’s Q3 earnings call:

  • 31.2 million iPhones sold, up from 26.0 million during Q3 in 2012, up 20% year-over-year
  • 14.6 million iPads sold, less than the 17.0 million it sold a year ago, down 14.1% year-over-year (first ever)
  • 3.75 million Macs sold, slightly less than last year’s 4.0 million, 7 percent decline
  • Rvenue of $35.3 billion
  • Net profit of $6.9 billion, or $7.47 per diluted share
  • International sales – 57 percent
  • Developed and emerging markets like US, UK, Japan, Brazil, Russia, India, Thailand saw strong sales
  • 90 percent loyalty rate among iPhone owners
  • Gross margin –  36.9 percent, compared to 42.8 percent in the 2012 Q3
  • American Airlines, Cisco, General Electric, SAP deployed more than 20,000 iPhones across their enterprises
  • $3.9 billion in revenue from iTunes
  • More than 900 billion iMessages
  • More than 8 trillion push notifications

Radu Tyrsina contributed to this post

Source: Apple
Tags: ,

Also Read:

I often wonder, where is technology heading? What do all of these advances mean for us and for our future? I sometimes miss the days when I didn’t know how to use a floppy disk, or how a computer CPU works, but now, until I find an answer to my questions, I’ll keep tracking these advances and show everything I find to those who share my interests.