Apple reports third quarter profit of $6.9 billion

Apple on Tuesday reported a profit of $6.9 billion for its fiscal third quarter. Revenue for the quarter was $35.3 billion, according to Apple. These results compare to revenue of $35 billion and net profit of $8.8 billion in the year-ago quarter.

Apple said it sold 31.2 million iPhones, a record for the June quarter, compared to 26 million in the year-ago quarter. The company also sold 14.6 million iPads during the quarter, compared to 17 million in the year-ago quarter. The Company sold 3.8 million Macs, compared to 4 million in the year-ago quarter.

The company’s Board of Directors declared a cash dividend of $3.05 per share of the Apple’s common stock. The dividend is payable on August 15, 2013, to shareholders of record as of the close of business on August 12, 2013.

“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,” said Apple CEO Tim Cook.



  • tylernol

    iPad sales drop-off year over year.. hmm.

    • Jim McPherson

      DOOM

    • 11thIndian

      This is the first Q3 they haven’t had a new iPad on the market. iPad [3] Retina was released on March 16th. With tablet launches now moved to the fall, it’s natural to see a sales dip this late in the cycle.

      • tylernol

        yes, I think there is a “wait for iPad 5/wait for iPad mini with Retina” effect” going on.

    • Jim McPherson

      In all seriousness, wasn’t the year-ago quarter the introduction of the iPad 3?

      • tylernol

        yes.

    • Sebastian Paul

      Year over year doesn’t count this time, remember that last year, this was the quarter directly after a new iPad was released.

  • rwitt

    Shut it down and give the money back to the shareholders

  • jacksonsquire

    OH NO APPLE IS DOOMED.

    • http://www.johncblandii.com John C. Bland II

      Wish my company was this doomed. ;-)

  • lucascott

    Given the lack of a new iPad this year I’d say those numbers are rather good.

    Not that Wall Street will agree

  • Winski

    At least ONCE in their lives, the pelter of ‘analysts’ that once again MISSED on predicting (SWAG) Apple earnings could have at least simply said ‘thank you’.. but alas, these clowns are paid hit men who are out to screw every one except their own bankers…

    Clowns…