Apple is showing signs of slowing down, but it's still reporting figures that rivals could only dream of: a profit of $9.5 billion or 10.09 per share on revenues of $43.6 billion in the second quarter ended March 30, 2013, with profits down 18% from last year's although revenue was up 11%. iPhone sales are flat at 37.04 from last year's 35.1 million units sold, while iPad sales are up to 19.5 million from last year's 11.8 million units sold. At the earnings conference call, Apple CEO Tim Cook hinted that there won't be a new iPhone, a cheaper iPhone, a new tablet or even the iWatch during the summer. "Our teams are hard at work on some amazing new hardware, software and services we can't wait to introduce this fall and throughout 2014," Cook said.
What Else You Need To Know
- Apple reported $11.6 billion in profit on $39.2 billion in revenue this quarter last year and $13.1 billion in profit on $54.5 billion in revenue last quarter.
- Apple shares have lost more than 40% of their value since topping $705 last fall.
Other sources
Apple's consistently brought in billions of dollars in revenue and profits for quarter-after-quarter, though it remains to be seen whether today's results will be enough to satisfy investors and analysts.- Derek Kessler, iMore
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