Apple iPhone sales have seen a growth in the third quarter of the financial year. The US-based company registered profits of $7.7 billion according to the earning reports. The reports were disclosed by the company on Tuesday. The earnings per share amounted to $1.28.
The projected amount per share by the analysts was $1.23. The analysts expected the revenue of Apple to be $38 billion. However, it was a tad less and settled at $37.4 billion.
Apple iPhone Sales & Profits
Apple recorded handsome profits, which were mainly driven by healthy the Apple iPhone sales. There were sales of around 35.2 million units for the quarter in question. In the same quarter in the last year, there were sales of 31.2 million units. This means sales increased for this quarter as against the same time last year.
The Apple iPhone sales accounted for $19.8 billion, which is around 53% of the entire revenue of Apple. However, the iPhone sales had gone down as against the second quarter. The company had then sold more than 43 million units.
April, May and June have been these three months when the sales have been traditionally very weak for Apple. The reason is that Apple always releases their new iPhones in the month of September. So, customers wait for new models to arrive brining the Apple iPhone sales down.
Slowdown of iPad Sales
When on one hand, iPhone sales is doing brisk business, it is tough going for the iPads. The iPad sales have taken a beating. The company could sell only 13.3 million tabs in this quarter. The iPad sales were pretty less as the sales came down by 9% year-over-year. It was down by around 19 per cent if compared with the sales in the first quarter of this calendar year.
It was not only tough days for the iPad sales. As a matter of fact, as the number of Smartphone users is increasing, more and more people are giving preference to owning a Smartphone to buying something like iPad. Even the large screen Smartphones are very popular in the market the world over.
For Apple iPhone sales this is good news, but certainly not for the iPad sales.
Promise from the CEO
The CEO of Apple, Tim Cook however, defended the slowdown of the iPad sales. He shielded the weak sales of iPad saying the device still has a bright future. In a statement he said:
“IPad sales met our expectations but we realize that they didn’t meet many of yours.”