Tuesday, April 23, 2013

Apple Q2 Results In: Holy Crap That's A Lot of Money

Hey kids! Wanna know what's up with Apple's Q2 Results? They're pretty big. How big you ask? Well, just listen in... NINE POINT FIVE BILLION DOLLARS OF PROFIT BIG. This is pretty good considering the overall lack in product refreshes in the last two quarters of FY 2013. Apple also posted an overall revenue of $43.6 Billion. Compared to a profit of $11.6 Billion and $39.2 Billion this quarter last year, Apple is undoubtedly growing.

Apple also reported $13.1b in profit on $54.5b in revenue last quarter. Overall, Apple is making bank, despite the decline in product improvements in the last year.

Following Apple's nosedive in the DOW a few months ago, such profit and revenue is unprecedented, and shows that Apple is still able to remain relevant in a sea of emerging competitors such as Samsung and Google. Apple sold 37.04 Million iPhones this time around, as well as 19.5 Million iPads. That tops 35.1 Million 11.8 Million, respectively.

New product refreshes such as the iPhone 5s (or 6, for all we know) are expected in Q3 this year, with an iPad refresh expected in Q4. Rumors regarding all Apple product lines still vary at this time, with rumors of a designated low-cost iPhone in the works.

Undoubtedly, Apple is improving, even despite a pretty harsh two years following the death of late Apple CEO Steve Jobs.

Stay tuned for more product rumors and opinions! Don't forget to checkout our Facebook page and Follow us on Twitter @thetechtile!

Source Apple

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