Apple Inc. has published its financial report for the fourth quarter of 2013(the quarter ending in September due to the company’s fiscal calendar). The company exceeded its revenue expectations of $34-37 billion as it grossed $37.5 billion in total income and made a net profit of $7.5 billion. However these numbers are a reduction from the same period last year Apple made a profit of $8.2 billion from a revenue of $36 billion.
33.8 million iPhones were sold as against 26.9 million in Q4 of 2012 but iPad sales were almost the same at 14.1 million versus last year’s 14 million and Macbook sales went down to 4.6 million from 4.9 million last year, the Apple iPhone 5s and Apple iPhone 5c gave the needed boost in sales as tablet and PC sales slid. For the final quarter of 2013, Apple is predicting a revenue of $55 – $58 billion. Apple stock went 3% down when the report was published but has now bounced back to normal.