Thanks to substantial sale of iPhones, Apple earnings third quarter beat Wall Street’s expectations.
Apple Earnings Q3
-Apple reports $35.3 billion on revenue, $6.9 billion in profits, and an EPS of $7.47. Analytical consensus had an expectation of $35.18 billion with an EPS of $7.34.
-57% of the revenue earned this quarter are accounted by international sales, down from 61% the previous year.
Exceeding Expectations
Most significant of Apple’s reports is the 31.2 million iPhones that have been sold, exceeding analysts’ expectations of 26 million. However, only 14.6 million iPads, and 3.8 million Macs have been sold, falling short of the predicted 18.3 million iPads and 3.9 million Macs.
Q3 iPhone sales exceeded predicted numbers by 5 million.
That’s enough iPhones for the entire population of Norway.
[Source: MacWorld]
–Apple’s stock closed Tuesday at 418.99, down 1.72%. Apple shares hovered around $433 during extended trading, up 3.5% from normal trading hours.
Apple Earnings 4Q 2013
What can we expect from Apple in the future? Of course the company will continue to innovate and refresh their branded products as usual. However, Apple Inc. promises new products in Fall 2013 and beyond along with the expected release of iOS 7 and the OS X Maverick.
