Apple saw a rare drop in Mac and iPad sales offset by record iPhone numbers as the company was able to overcome a gloomy financial outlook in Q3.
The Cupertino firm said that on the quarter it logged $35.3bn in revenues and $6.9bn in profits over the quarter. While revenues were up slightly, Apple's profits dropped from $8.8bn last year.
Sales for the company's Mac platform fell from 4 million to 3.8 million over the quarter. Executives attributed the dip to an overall slump in the market, noting that when compared with the losses suffered by competing PC vendors, Apple saw its share of the market increase over the quarter despite the drop.
Additionally, the firm saw a drop in sales for its iPad tablet line. Compared with 17 million units shipped in Q3 of 2012, Apple was able to sell just 14.6 million iPads this quarter. Chief executive Tim Cook suggested that the drop was not as steep as it appeared, noting that last year the company was able to ride sales of a new iPad model through much of the quarter.
“If you look at the situation we were in, we had just announced the third-generation iPad, so that was our first full quarter,” Cook told analysts. “From what Peter [Oppenheimer, CFO] and I expected 90 days ago, we got within the midpoint of the range we expected to be in.”
The news was not all bad for Apple, however. The company's iconic iPhone handset had its best June quarter ever. The smartphone sold 31.2 million units on the quarter, an increase from last year's record quarter of 26 million.
The company also has reason to be optimistic for increased sales and revenue in the coming months as the target release dates near for both the iOS 7 mobile platform and the long-awaited refresh of Apple's Mac Pro high-performance desktop tower line.
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