Apple posted their revenue for Q3 which shows a small decline but the company is stronger. It posted a $35.3 Billion revenue (0.9% higher that the $35 Billion the same quarter last year) and the net profit of $6.9 Billion (21.6% lower than $8.8 Billion the same quarter last year) with an earning of $7.47 for each share.
The reason for a decline in growth is that Apple has changed their product release strategy to the end of every year leaving the third quarter without any new release except for the refreshed Macbook Air.
Coming to the numbers, there was a decrease in the number of iPads sold to 16.6 Million as compared to the same quarter last year which was 17 Million. However, iPhones surged over 20% which is 31 Million as compared to the iPhone sold in the same quarter last year which was 26 Million. Mac sales have dipped a bit to 3.75 Million sold as compared to 4 Million.
Apple’s most sold iPhone seems to be the iPhone 4 and 4S this quarter as compared to the iPhone 5 due to their aggressive marketing in developing countries. There was a 400% growth of iPhone sales this quarter in India. Hope this convinces Apple to bring their flagship stores to India soon.
Charts via Techcrunch