If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Apple Q4: iPhone sales up 16%, iPad plateaus

Apple's fourth quarter financials show the iPhone 5 leading a resurgence of smartphone sales, while the iPad remained largely static.

For the quarter ending September 28, Apple reported revenue of $37.5 billion, up from $36 billion during the same quarter one year ago, but a quarterly net profit of $7.5 billion, down from $8.2 billion in 2012. Its gross margin feel year-on-year from 40% to 37%.

Sales of iPhones grew by 26% to 33.8 million, establishing a new September quarter records - likely thanks to new models 5s and less popular 5c.

The iPad had a less stellar quarter, selling 14.1 million - below Apple's 14.5 million forecast and only a minor improvement on the 14 million of the same quarter one year ago.

Thanks, GamesIndustry.

Topics in this article

Follow topics and we'll email you when we publish something new about them.  Manage your notification settings .

About the Author
Brenna Hillier avatar

Brenna Hillier


VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

Explore our store
VG247 Merch