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July 23, 2013 08:30 pm -04

Apple reports Q3 2013 revenue of $35.3 billion: 31.2 million iPhones sold, iPad and Mac sales decline

Apple Q3 2013 Earnings

It hasn't been a particularly quiet quarter for Apple, at least in the announcement department. But, as far actually shipping new products, Q3 of 2013 has been relatively uneventful. Perhaps that's why the company's revenues are down to $35.3 billion, from $43.6 billion in Q2. Still, while its revenues are down significantly from the last two quarters, things are pretty stable year-over-year. In fact, it's enjoyed a small increase over the $35 billion it raked in during Q3 of 2012. Still, while revenues are up, profits are down. $6.9 billion in net income is hardly anything to snub your nose at, but it does represents a notable drop from the $8.8 billion Apple pocketed in the same quarter last year. That's at least partially attributable to a year-over-year drop in both iPad and Mac sale, though the 31.2 million iPhones sold is a record for the June quarter.

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Original Link: http://www.engadget.com/2013/07/23/apples-q3-2013-earnings/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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