Many IT companies are experiencing tougher times, and recently we could for example write that trotter Microsoft was subjected to a pretty brutal day on the stock exchange.
Nor arch rival and moneymaker Apple is exempt from the turbulence in the market.
Last night the company announced quarterly results, and despite a greatly reduced profit was not the period of any catastrophic way.
Over the expectations
Apple’s third fiscal quarter, which ended on 29 June went profits down by about 22 percent compared with the same quarter last year. The money means that profits for the period went from $ 8.8 billion in 2012 to $ 6.9 billion this year.
exchange corresponds to a profit of $ 7.47 per share. Analysts on Wall Street had not expected more than $ 7.32 per share in the profits, which therefore means that Apple exceeded expectations despite the downturn, writes the Wall Street Journal.
Furthermore, the total income of the company increased by 0.9 percent compared to the same quarter last year to 35.32 billion dollars. This figure also beat the expectations of Wall Street, which was at 35.02 billion dollars.
Record sales of iPhone
In view of this, Apple’s shares rose by 2.7 percent after the stock market closed on Tuesday.
It is primarily iPhone sales that is why the numbers were better than expected. Apple sets namely quarter record number of iPhones sold, with 31.2 million. The figure for the same quarter last year was 26 million handsets.
Otherwise, sales of the iPad, Mac and iPod down, the latter by 32 percent. iPad sales went from 17 million to 14.6 million, while Mac sales were reduced from 4 million to 3.8 million units.
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