wordpress blog stats
Connect with us

Hi, what are you looking for?

Apple Net Profit Remains Same at $13.1b Despite Increased iPhone Sales To 51m

Apple's net profit did not register a jump Year-on-Year (YoY) despite higher revenues in Q1 2014. The company reported revenue of $57.6 billion for quarter ending December 28, 2013, up from $54.5 billion a year ago and $36 billion reported in the previous quarter. The company's net profit stood at $13.1 billion, same as a year ago, but up from $7.5 billion reported in the previous quarter. Device sales iPhone: Apple sold a record 51 million iPhones during the holiday quarter, up from 47.8 million a year ago and 33.8 million in the previous quarter. Though the sales numbers are remarkable, it is still lower than the sales figures of 55 million the company had projected for the category. The company started selling these devices in India this quarter, but the company has not disclosed the number of units it sold here. During the conference call, CFO Peter Oppenheimer said Apple couldn’t meet demand for the 5S until near the end of the quarter. CEO Tim Cook said during the same call that sales of 5c devices "turned out to be different than we thought". 5c is a slightly cheaper device with plastic case instead of aluminum build Apple has for its phones. The company believes touch-id was the feature that got people interested in the new device. iPad: Apple also sold 26 million iPads during the quarter,, compared to 22.9 million in the year-ago quarter and 14.1 million in the previous quarter. The company did not disclose which model…

Please subscribe/login to read the full story.
Written By

I'm passionate about technology and gaming. You can follow me <a>@chupchap</a>

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ