Featured Articles

Nvidia Shield 2 shows up in AnTuTu

Nvidia Shield 2 shows up in AnTuTu

Nvidia’s original Shield console launched last summer to mixed reviews. It went on sale in the US and so far Nvidia…

More...
AMD CSO John Byrne talks ARM

AMD CSO John Byrne talks ARM

We had a chance to talk about AMD’s upcoming products with John Byrne, Chief Sales Officer, AMD. We covered a number…

More...
AMD Chief Sales Officer thinks GPU leadership is critical

AMD Chief Sales Officer thinks GPU leadership is critical

We had a chance to talk to John Byrne who spent the last two years as Senior Vice President and Chief…

More...
OpenPlus One $299 5.5-inch Full HD phone

OpenPlus One $299 5.5-inch Full HD phone

OnePlus is one of the few small companies that might disrupt the Android phone market, dominated by giant outfits like Samsung.…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 24 April 2013 08:00

Apple beats Wall Street expectations

Written by Fudzilla staff

37.7m iPhones, 19.5m iPads shipped in Q1

Although many analysts were expecting Apple to post lackluster results, Tim Cook’s outfit managed to beat market expectations, although it did report its first profit decline since 2003.

Apple managed to ship a total of 37.4 million iPhones and 19.5 million iPads last quarter. The figures were well above expectations, as some analysts were expecting iPhone shipments south of the 30 million mark. Apple reported first-quarter profit of $9.5 billion, down from $11.6 billion last year. Revenue was $43.6 billion, up from $39.2 billion a year ago. Mac sales were under 4 million units, down from 4.1 million.

Apple is still hoarding cash like a squirrel and it is currently sitting on a cash hoard of $145 billion. Although revenue is up, margins are down. It seems that quite a few consumers are opting for older iPhones and the iPad mini rather than the pricier iPhone 5 and iPad 4.

Cook used the opportunity to point out that Apple won’t have any major product launches anytime soon, but he said a slew of new products is coming this fall.

Fudzilla staff

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments