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.