Today Apple announced its third quarter earnings that it pulled in $35.3 billion in revenue and quarterly net profit of $6.9 billion. Compare to previous third quarter revenue of $35 billion it’s a little up, but its net profit was down from the previous third quarter’s $8.8 billion. The company noted that international sales accounted for 57 percent of its third quarter revenue.
As for individual device sales, iPhone sales were way up at 31.2 million units sold during the third quarter. In the previous third quarter the company sold only 26 million iPhones. It wasn’t quite as sunny for Apple’s other hardware, however, as iPad sales were down to 14.6 million units sold from last year’s 17 million units. Mac sales were also down a little to 3.8 million units from last year’s 4 million.
In fourth quarter, Apple predicts that we’ll see the following:
- revenue between $34 billion and $37 billion
- gross margin between 36 percent and 37 percent
- operating expenses between $3.9 billion and $3.95 billion
- other income/(expense) of $200 million
- tax rate of 26.5%