Apple Q1 Profits Down, iPhones Sales Up, iPad Sales Down - NewsWilliam D'Angelo, posted on 24 July 2013 / 4,167 Views
Apple has released its quarterly sales for its first quarter of the fiscal year 2013, which ended June 29, 2013. Revenue for the quarter increased by one percent to $35.3 billion, from $35 billion the same quarter a year ago. Profits took a hit to $6.9 billion, down from $8.8 billion.
"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," said Apple CEO Tim Cook. "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 sold 31.2 million iPhones which set a new record for the June quarter. There were 26 million iPhones sold during the same quarter a year ago. iPad sales dropped to 14.6 million, from 17 million. Mac sales dropped slightly year-over-year to 3.8 million, from four million.