Apple Profit Falls 22% But iPhone Sales Are Up

New submitter marcushoward writes in with news of Apple's quarterly results. From the article: "Apple on Tuesday reported fiscal third-quarter revenues of $35.3 billion and profits of $6.9 billion, or $7.47 per share. The revenue number is basically even with Apple’s results from a year ago, but its profits were off by almost $2 billion. Revenues were mostly in line with Wall Street’s expectations of $35.09 billion and slightly above its earnings per share expectation of around $7.31. Apple itself had predicted revenues between $33.5 billion and $35.5 billion." Compared to this quarter last year, sales of Macs are about even, iPad sales dipped slightly (14.6 million vs 16 million), and iPhone sales are up quite a bit (31 million vs 26 million).

Re:Cynic...?

[cod3r_]

boo hoo.. Only made 6.9 BILLION in PROFIT... the headline should be "HOLY FUCKING SHIT THEY MADE 6.9 BILLION IN PROFIT"

Re:Margin compression

[the computer guy nex]

What plane do you live on? The iPhone 5 was barely distinguishable from the 4? It had a larger screen, replace glass with an aluminum unibody shell, removed the metal band around the edges, and introduced a 2-toned color look to the back. Only a buffoon can't spot these differences a mile away.

Re:Cynic...?

[the_B0fh]

It's more like this:

Everyone else is losing money. Apple makes $6.9 billion. Die, Apple, Die!