Record mobile phone sales but decline in profits for Apple

29/10/2013

Record Mobile Phone Sales But Decline In Profits For Apple

Apple has released its sales data for the year, which reveals that despite selling a record number of iPhones the company has seen a fall in profits.

Apple’s profits for the third quarter of the year, which is comprised of July, August and September, were £4.7 billion.

During the same period last year the company made £5.1 billion. This means Apple’s profits have dropped by nine per cent.

However, the sales data shows the increasing popularity of iPhones. Apple sold 33.8 million of the smartphones during this period.

This is a record for the September quarter, which last year saw 26.9 million iPhones sold. This is a rise of 6.9 million iPhone sales, or 26 per cent.

Tom Cook, CEO of Apple, said: "We’re pleased to report a strong finish to an amazing year."

 

Posted by Peter Robinson

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