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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.

 

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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

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