Apple has just released its corporate earnings for Q3 of this year and the numbers are down.
Apple is reporting $35 billion in revenue during the quarter, down from $39.2 billion in Q2. That’s a decline of 10.7 percent.
Third quarter profit was $8.8 billion, which is a 24.1 percent drop from $11.6 billion profit in Q2.
Apple says it sold 26 million iPhones in Q3, which is up 28 percent over a year ago. It also sold 17 million iPads, an 84 percent increase over last year.
The four million Macs sold in Q3 is a two percent gain over a year ago, while the 6.8 million iPods sold represents a 10 percent drop.
CEO Tim Cook is quoted this way in today’s announcement:
“We’re thrilled with record sales of 17 million iPads in the June quarter,” said Tim Cook, Apple’s CEO. “We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”
In today’s announcement, Apple CFO Peter Oppenheimer says the company expects Q4 revenue to drop to about $34 billion.