TweakTown
Tech content trusted by users in North America and around the world
5,936 Reviews & Articles | 38,247 News Posts

Apple announces Q4 earnings, manages $7.5 billion in profit

Apple sees $7.5 billion in profit during Q4 with $37.5 billion total revenue, gross margins down three percent year on year (NASDAQ:AAPL)

| Business, Financial & Legal News | Posted: Oct 28, 2013 11:16 pm

This afternoon, Apple made its earnings report for quarter 4 2013 public and while things look good for Apple, gross margins are down year over year. During its earnings call to investors, Apple said that it managed to earn $7.5 billion in profit on $37.5 billion in revenue.

 

TweakTown image news/3/3/33615_1_apple_announces_q4_earnings_manages_7_5_billion_in_profit.jpg

 

Year over year, revenue is up about $1.5 billion, but the company saw its margin slip from 40-percent to 37-percent. The Cupertino based company also announced that i managed to sell 33.8 million iPhones during the quarter, which was undoubtedly bolstered thanks to the iPhone 5S and 5C being released last month. iPad sales remained stagnant with about 14 million being sold in Q4. Apple said that it's Mac devices managed $5.62 billion in revenue with 4.6 million devices being sold. For a more detailed report, you can find the official Apple release at the source link below.

NEWS SOURCES:Apple.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases