Apple just released it’s Q3 2013 earnings report and even though iPhone sales were up to 31.2 million units in the quarter, compared to 26 million last quarter, the company only posted a net profit of $6.9 billion. Samsung on the other hand reported that it made $8.33 billion in profit during the same quarter.
Apple reported a profit of $8.8 billion and $35 billion in revenue in the third quarter of 2012, so profit is still down and revenue growth is flat. The company’s year-over-year net profit shrank for the first time in a decade last quarter.
- Source SAI