Apple Q1 Profits Down, iPhones Sales Up, iPad Sales Down - News

by William D'Angelo , posted on 24 July 2013 / 4,305 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.

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sethnintendo (on 24 July 2013)

Looks like cheaper Android tablets are taking a dent into the ipad sales. Phone sales are still going strong because they get subsidized by the USA carriers but you don't really see too many subsidized deals for tablets unless you buy a ton of crap at a network store. So price points are more extreme for tablets than phones.

EntilZha (on 27 July 2013)

Apple sales usually drop quite a bit in the two quarters before a new release. The fact that iPhone sales were up and set a record for the quarter is very positive news for the company. The coming quarter should be VERY slow for Apple, as most people will be waiting to see what the new iPhone an iPads will offer in October.

binary solo (on 26 July 2013)

Average sale price for phones is down, meaning fewer iphone 5s and more 4's 4S's and 3GS's being bought. And Tim Cook's saying the high end isn't saturating. Bollocks, It's just that older gen iPhones are now priced in the mid to mid-low bracket now, so the only price bracket iPhone doesn't swim in is the low end.

ebw (on 24 July 2013)

There are two main reasons for the iPad drop, and neither of them are competitive. Usage statistics indicate that the iPad is increasing its lock on the tablet market, and few competitors seem willing to admit their meagre tablet sales. Most of the drop is due to inventory adjustments, and the rest is due to the year-ago quarter being the launch quarter for the iPad 3, while the current iPads were launched nine months ago. Previously the launch effect was dissipated by staggered releases, but Apple has recently been moving towards simultaneous launch across many regions.

Ganoncrotch (on 24 July 2013)

Wonder are the windows tablets putting a dent in the iPad sales or is it all thanks to googles comparisons with their tablets which pretty much said if you bought an iPad you were admitting you'll pay more for less if it has an apple logo on it.