CUPERTINO, Calif. — Apple (AAPL) released its eagerly anticipated third-quarter earnings report after Tuesday’s closing bell. The company earned $7.7 billion, $1.28 per share, for the three-month period ending June 28, which was a 12% increase from 2013’s Q3 earnings of $6.9 billion, $1.07 per share.
On the other hand, while revenue jumped 6% from last year’s number to $37.4 billion, that number was roughly $600 million below analysts’ consensus. Currently, in after-hours action, traders seem somewhat disappointed in these results, focusing on the latter as evidence the company may be on the way to becoming another low-growth Microsoft (MSFT).
A 9% drop in last year’s iPad sales figures also worried some analysts. The stock is trading down roughly seventy-five cents from its $94.72 per share close in active after-hours trading.
Some analysts also perked up when Apple’s announcement noted that the iPhone’s third-quarter sales growth was strongest in the BRICs countries, particularly in Brazil, China, and Russia.
Rumors have the new phone’s display ranging from 4.7 to 5.5 inches on the diagonal, the better to compete with new, larger, Android-driven models such as those already sold by the company’s bitter rival, Samsung. A late-September launch of the iPhone 6 is likely.
Below is a Chinese YouTube video purporting to show the iPhone 6 front bezel against an iPhone 5 demonstrating the former’s larger form factor.
Copyright 2014 Communities Digital News
This article is the copyrighted property of the writer and Communities Digital News, LLC. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.
Correspondingly, Communities Digital News, LLC uses its best efforts to operate in accordance with the Fair Use Doctrine under US Copyright Law and always tries to provide proper attribution. If you have reason to believe that any written material or image has been innocently infringed, please bring it to the immediate attention of CDN via the e-mail address or phone number listed on the Contact page so that it can be resolved expeditiously.