Tuesday, April 23, 2013 5:04 PMApple Posts First Profit Decline in a DecadeApple - Mashable
Apple beat Wall Street's estimates for revenue and sales of the iPhone and iPad in the March quarter, but the company's profits declined year-over-year for the first time in a decade.
Apple sold 37.4 million iPhones and 19.5 million iPads, surpassing analysts' estimates by about 1 million on both fronts. Those device sales helped Apple bring in $43.6 billion in revenue for the quarter, beating the consensus estimate of $42.6 billion and setting a new record for March quarter revenues.
"We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad," said Tim Cook, Apple's CEO, in astatement. "Our teams are hard at work on some amazing new hardware, software, and services and we are very excited about the products in our pipeline." Read more...
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