The world’s most valuable company has posted record sales of iPhones in just one single quarter in the fiscal year of 2013. The report represents the third quarter of the fiscal year which ended June 30, 2013 and announced on Tuesday.
Apple reports that it sold 31.2 million iPhones in the third quarter, which is a positive growth up from 26 million the same quarter a year ago.
“We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services,” said Tim Cook, Apple’s CEO. “We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014.”
“We generated $7.8 billion in cash flow from operations during the quarter and are pleased to have returned $18.8 billion in cash to shareholders through dividends and share repurchases,” said Peter Oppenheimer, Apple’s CFO.
This is represents a fantastic news for Apple and its shareholders. Many thought the emergence of Samsung and it growth in the smartphone market might spell doom for Apple, this reports however shows otherwise while the demand for iPhone products remains strong as ever.
Apple posted quarterly revenue of $35.3 billion (up slightly $35 billion for the comparable quarter a year ago), and quarterly net profit of $6.9 billion (down from $8.8 billion a year ago).
Apple is responsible for Macs which is obviously the best personal computers in the world. Most of the ideas the company has released becomes an automatic success. These include the exciting Mac OS, iWork, Ios, iPods and iTune. All of these have re-defined each section of technology they got life.