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Apple's 3Q results show no growth



3:47 am on Jul 24, 2013 (gmt 0)

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http://www.apple.com/pr/library/2013/07/23Apple-Reports-Third-Quarter-Results.html [apple.com]

Apple Reports Third Quarter Results

Apple® today announced financial results for its fiscal 2013 third quarter ended June 29, 2013. The Company posted quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share. These results compare to revenue of $35 billion and net profit of $8.8 billion, or $9.32 per diluted share, in the year-ago quarter. Gross margin was 36.9 percent compared to 42.8 percent in the year-ago quarter. International sales accounted for 57 percent of the quarter’s revenue.

iPhone sales did better than expected, but iPads came up short, while Mac sales continued their downward trend.

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