Apple chart: Why iPhones, iPads are key to future results
Apple Inc on Wednesday announced its results for Q1 2013 and the company posted a quarterly revenue of $54.5 billion and a quarterly net profit of $13.1 billion. While these numbers are a record by themselves for Apple, for Wall Street these numbers were just not good enough as Apple missed forecasts for the third time.
In q1 2013 Apple sold 47.8 million iPhones, up 29 percent from the year-ago period where it sold 37 million iPhones. This was however below the 50 million number that was forecast.
In the tablet category, Apple sold 22.9 million iPads during the quarter, compared to 15.4 million in the year-ago quarter. The company did not reveal numbers for iPad mini separately though so it’s not clear how well the iPad mini did.
Apple Inc on Wednesday announced its results for Q1 2013 and the company posted a quarterly revenue of $54.5 billion and a quarterly net profit of $13.1 billion. While these numbers are a record by themselves for Apple, for Wall Street these numbers were just not good enough as Apple missed forecasts for the third time.
In q1 2013 Apple sold 47.8 million iPhones, up 29 percent from the year-ago period where it sold 37 million iPhones. This was however below the 50 million number that was forecast.
In the tablet category, Apple sold 22.9 million iPads during the quarter, compared to 15.4 million in the year-ago quarter. The company did not reveal numbers for iPad mini separately though so it’s not clear how well the iPad mini did.
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