Apple has released its financial results for the second fiscal quarter of 2013. The Cupertino company reported $43.6 billion in revenue and a net profit of $9.5 billion. That translates to earnings of $10.09 per diluted share.
Wall Street has been incredibly pessimistic towards Apple in recent months, but today’s results for revenue managed to surpass even the more bullish claims. Apple’s estimates for the next quarter are even more conservative with $33.5-$35.5 billion in revenue. The main problem with today’s results is that profit shrank compared to a year ago for the first time in ten years.
“Our teams are hard at work on some amazing new hardware, software, and services and we are very excited about the products in our pipeline,” according to Apple.
Press release with more sales figures and details below:
