The company posted revenues of $37.5 billion, plus a quarterly net profit of $7.5 billion, or $8.26 per diluted share, which is higher than results from the same quarter the previous year, when it posted revenues of $36 billion and net profits of $8.2 billion, or $8.67 per diluted share.
The company stated that 60 percent of its revenues from the quarter came from international sales. The company sold 33.8 million iPhones and 14.1 million iPads during the quarter. iPhone and iPad sales saw an increase compared to the numbers posted in the same quarter of last year at 26.9 million and 14 million for the iPhone and iPad, respectively. For Macs, sales fell from the 4.9 million one year ago, to 4.6 million Macs sold in Q3 this year.
“We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones,” said Tim Cook, Apple’s CEO.
“We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS.”
In its earnings call, Cool proudly announced that the company has completed 15 strategic acquisitions for fiscal 2013, which include the takeovers of Embark, HopStop, WifiSLAM, Locationary, AlgoTrim, personal assistant app Cue, wireless chip developer Passif Semiconductor, and discovery and recommendation startup Matcha.tv.
The acquisition of the said companies aims to enhance Apple’s products and services.
iPads for Education
Cook also announced that the iPads make up 94 percent of the education tablet market, a feat deemed impressive and unheard of in most businesses, but not everything has gone smoothly. When Apple rolled out the iOS 7 update, educational iPads upgraded to the OS experienced issues with their supervision profiles allowing the students to access any content unrestricted.
“Apple did not realize that installing iOS 7 would remove our (and thousands of organizations across the country) safety protection measure, which now makes the iPad devices unfiltered when accessing the Internet away from school,” said a memo from the Manitou Springs (Colo.) School District 14 to parents.
“In the short term, the district will be collecting iPad devices at the end of each day until the safety protection measure is reinstalled.”
Apple stated that they were aware of the issue and are already working on a fix.
In Los Angeles, some schools are delaying the roll out of iPads after it was discovered that some students were able to bypass the restrictions placed on the device by simply deleting the default user profile and making a new one.
“I want to prevent a ‘runaway train’ scenario when we may have the ability to put a hold on the roll-out,” L.A. Unified School District Police Chief Steven Zipperman said.