Stronger than expected Apple iPhone sales help Apple top Q3 earnings estimate
posted by Alan F. / Jul 23, 2013, 4:15 PM
While analysts had expected Apple to sell 18 million units of the Apple iPad in Q3, Apple actually rang up sales of 14.6 million tablets. That was down sequentially from the 19.5 million sold last quarter and down from the 17 million it sold last year during the same three month period.
For the quarter, Apple reported a profit of $6.9 billion or $7.47 a share. That topped an estimate of Wall Street analysts by 15 cents a share. Last year, the company reported third quarter profits of $8.8 billion or $9.32 a share. Revenue came in at $35.3 billion for 2013, up from $35 billion last year. Apple forecast that it will produce revenue in the range of $34 billion to $37 billion for the fiscal fourth quarter. Analysts expect Apple to report $37 billion in revenue for the period.
Apple CEO Tim Cook once again hinted at a Apple iWatch when he mentioned that new products are on the way. "We are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014," said Cook after Apple reported its earnings. Apple recently filed to trademark the iWatch name in various countries. A recent report stated that an Apple iWatch release has been delayed as Apple has hired more engineers to help them get to the next level in designing the product.
Posts: 2944; Member since: Oct 08, 2012
Good job Apple. Make it more interesting next quarter. Competition = good for us consumers.
posted on Jul 23, 2013, 4:39 PM 9
Posts: 70; Member since: Dec 10, 2012
Well, this is surprisingly weird
posted on Jul 23, 2013, 5:00 PM 1
Posts: 6794; Member since: Mar 29, 2012
It's not surprising that still plenty of Apple fans around the globe. Their unwavering devotion is almost religious! I can't bad mouth Apple products they would crucify you if they could. Common sense is rare unless it's serve to glorify their Apple love and ego.
posted on Jul 23, 2013, 9:34 PM 0
Posts: 1158; Member since: May 27, 2012
Q3 2010 Nokia revenue was 43 $Billion..... ِِِAnd now it is only 7.5 $Billion ... Really sad.
posted on Jul 23, 2013, 5:17 PM 2
Posts: 813; Member since: Jun 10, 2013
Eyes should be on the upcoming iPhone sales, it makes up close to 50% of total Apple profit. Any word on what impacted the $2 billion profit drop?
posted on Jul 23, 2013, 5:24 PM 1
Posts: 584; Member since: Jun 13, 2008
Probably iPad sales. They were lower this go around.
posted on Jul 23, 2013, 7:46 PM 0
Posts: 867; Member since: Jun 19, 2013
Apple profit -6.9 billion Samsung profit - 8.5 billion
posted on Jul 23, 2013, 6:05 PM 9
Posts: 467; Member since: May 05, 2011
iPhone vs galaxy s4, s4 activ, s4 mini, galaxy zoom, galaxy core, galaxy express, galaxy steller, samsung activ odessy, Samsung lightray, samsung stratosphere , ECT.......
posted on Jul 23, 2013, 6:09 PM 3
Posts: 150; Member since: May 03, 2013
Who said the High-end smartphone Industry is saturated? Good going Apple. When you have a great product people will buy it. With Samsung's poor phone sales this last quarter they better pick up their game or they're going down the drain.
posted on Jul 23, 2013, 6:13 PM 3
Posts: 1451; Member since: Mar 28, 2013
i dont remember any of samsungs high-end phone having poor sales? Even their low and mid phones sells more than any other manufacturers in that category.
posted on Jul 23, 2013, 7:35 PM 7
Posts: 150; Member since: May 03, 2013
And the IPhone is almost a year old. Then you have the SG4 that's been out for 11 weeks and they sold less phone of it in the same period. The SG4 is already Discounted for $99 with contract. Can't be selling Too we'll if they are almost giving it away with contract. LOL
posted on Jul 23, 2013, 10:14 PM 1
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