Apple Q3 earnings call: iPad experiencing first shipping downfall year-over-year

Discussion in 'Apple iPad News' started by RaduTyrsina, Jul 24, 2013.

By RaduTyrsina on Jul 24, 2013 at 4:24 PM
  1. RaduTyrsina

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    Jun 22, 2012
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    Apple has just posted its Q3 earnings report and the figures revealed in it are quite interesting. In the period ending in June, the tech giant managed to sell 31 million iPhones alongside 14.6 million iPads. Apple CEO Tim Cook expressed his enthusiasm at the conference call:

    “We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes. Software and Services.”

    The results aren’t what analysts were expecting o​​f Apple. Overall. the forecast suggested Cupertino will end up selling 27 million iPhones, 18 million iPads, 3.95 million Macs and 4.9 million iPods. It seems that in the tablet department expectations were a little too high up.

    Apple experienced an all-time high two quarters ago when the company managed to overall ship 37.4 million iPhones and 19.5 iPads. But since then, sales figures started sliding off a little bit. Bottom line is that in Q3, Apple experienced the first drop year-by-year in iPad sales which amounted to a 14% loss. Compared just to the previous quarter, the iPad lost 25% of its ground, which, let’s face it, is a lot. Is the iPad starting to go down on a slippery slope?

    In terms of revenue, Apple managed to add up $35.3 billion. Interestingly enough, most of the revenue accumulated in Q3 has come from foreign countries.

    Even with all the bad numbers hovering above the iPad, CEO Tim Cook managed to keep up his good spirit and stated that he was very excited about the upcoming products that Apple is going to put out in the near feature which includes the iOS 7 and Mac OS X Mavericks:

    “We are really excited about the upcoming releases of the iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014.”

    Source: TechPP
    #1 RaduTyrsina, Jul 24, 2013
    Last edited by a moderator: Jul 24, 2013
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Discussion in 'Apple iPad News' started by RaduTyrsina, Jul 24, 2013.

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