Apple Made $13.1 Billion This Quarter, And Somehow That’s A Disappointment

Apple Made $13.1 Billion This Quarter, And Somehow That’s A Disappointment


Apple’s first quarter earnings are in. According to Bloomberg News, Apple made $US13.1 billion in profit on $US54.1 billion in revenue. It sold an absurd 47.8 million iPhones. Somehow, this is a disappointment.

Apple has been fighting off rumours of lagging interest in its products — iPhone and iPad specifically — for weeks now. The $US54.1 billion missed its $US54.88 estimate, and the company’s stock continued to fall after hitting a record back in September.

For reference, last year over the same period, Apple made a profit of $US13.06 billion on $US46.33 billion in revenue. It sold 37 million iPhones. So profit is down, slightly, but this isn’t a case of Apple taking a dive so much as levelling off. [Bloomberg]


The Cheapest NBN 50 Plans

It’s the most popular NBN speed in Australia for a reason. Here are the cheapest plans available.

At Gizmodo, we independently select and write about stuff we love and think you'll like too. We have affiliate and advertising partnerships, which means we may collect a share of sales or other compensation from the links on this page. BTW – prices are accurate and items in stock at the time of posting.