While many smartphone makers are reporting softer sales amid escalating competition, Apple posts strong performance in the quarter. July 23, 2013 1:54 PM PDT (Credit: Getty Images) Apple sold 31.2 million iPhones in its third quarter, a solid achievement compared to the 26 million units it sold in the year-ago quarter. But that number was nonetheless down from the second quarter of the year, when Apple shipped 37.4 million of its smartphones, which account for more than half its revenues. Overall, it was a good quarter for Apple. The company, which reported its fiscal third-quarter earnings Tuesday afternoon, beat expectations with earnings of $6.9 billion, or $7.47 per share on $35.6 billion in sales. Wall Street was expecting Apple to earn $7.32 per share on sales of $35 billion. The numbers are even more impressive given that Apple faces increasingly stiff competition from its rivals, like Samsung, HTC, Nokia and others, who have introduced new devices. But even without major refreshes to its product line recently, Apple was still able to beat expectations. We'll have more on what Apple had to say about its iPhone business this afternoon when the company holds its conference call to discuss its quarter.
While many smartphone makers are reporting softer sales amid escalating competition, Apple posts strong performance in the quarter.
(Credit: Getty Images)
Apple sold 31.2 million iPhones in its third quarter, a solid achievement compared to the 26 million units it sold in the year-ago quarter. But that number was nonetheless down from the second quarter of the year, when Apple shipped 37.4 million of its smartphones, which account for more than half its revenues.
Overall, it was a good quarter for Apple. The company, which reported its fiscal third-quarter earnings Tuesday afternoon, beat expectations with earnings of $6.9 billion, or $7.47 per share on $35.6 billion in sales. Wall Street was expecting Apple to earn $7.32 per share on sales of $35 billion.
The numbers are even more impressive given that Apple faces increasingly stiff competition from its rivals, like Samsung, HTC, Nokia and others, who have introduced new devices. But even without major refreshes to its product line recently, Apple was still able to beat expectations. We'll have more on what Apple had to say about its iPhone business this afternoon when the company holds its conference call to discuss its quarter.
