CC image courtesy of Zarex.
Apple has reported a 22 per cent drop in profits for the last quarter, despite recording a 20 per cent rise in iPhone sales.
The number of iPhones sold in the period jumped up to 31.2 million, but revenue remained flat ar US$35.3 billion, with net income down to US$6.9 billion.
Tim Cook, Apple chief executive, said: “We are really excited about the upcoming releases of iOS 7 and OS X Mavericks (operating systems), and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014."
Despite the drops, Apple’s share price rose in after hours trading yesterday by 4 per cent to US$440.
