Apple Profit Down to $7.5 BillionOctober 29, 2013
The company posted a $7.5 billion profit, down from $8.2 billion the same period last year. Apple in the quarter sold 33.8 million iPhones and 14.1 million iPads- both improvements over the period last year- and 4.6 million Macs, a decrease from 4.9 million.
"We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones,” Tim Cook, Apple’s CEO, said as part of the announcement. "We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS.”