Apple: Below Expectations Profits For The First Time In The Last 10 Years
Earlier this week Apple announced the financial results of the trimester that ended on September 24, the first results of the last 10 years that were situated below expectations.
During the second fiscal trimester Apple recorded a net profit of 6,62 billion dollars, or 7,05 dollars per share while analysts questioned by Thompson Reuters were expecting a somewhat bigger profit, situated at 7,39 dollars per share. The last time when Apple recorded a profit below expectations was in the first trimester of year 2001.
Still, Apple’s income grew by 39% in the mentioned period compared to the same interval of last year, until the level of 28,27 billion dollars. These are also below analysts expectations who were expecting income of 29,69 billion dollars and this last happened in the last fiscal trimester of 2008.
Apple sold 17,07 million iPhone units in this last trimester, much under the analysts expectations who estimated 20 million units to be sold.
Apple says that the iPhone sales dropped because people were expecting the iPhone 5 to be released. So, consumers delayed the purchase of a new iPhone.
But Apple expects record iPhone sales in the last trimester of this year. This can be confirmed by the latest numbers according to which the iPhone 4S was sold in 4 million units in the first three days since the release.
Regarding iPad tablets, they did very well in this last trimester, as they were sold in 11,12 million units.
Mac sales generated a 27% increase in the same time interval counting 4,89 million units.
Apple expects to make 37 billion dollars in income by the end of December.
The financial results presented earlier this week were the first in Apple’s history presented with Tim Cook as the CEO.
