Wednesday, July 23, 2014

Apple's Q3 2014 Results

Apple said it sold 4.41 million Mac computers in the quarter ended June 28, an increase of 17.6% from the same period a year earlier. It also marked the third straight quarter that Mac sales rose on a year-on-year basis, bouncing back after Mac sales fell 10% in the past fiscal year to September.

Sales of iPads are going in the other direction, with the number of units sold falling 9.2% after a 16% drop three months earlier.

Further highlighting the trend, the gap in revenue between the two products is fast closing. Apple sold $5.44 billion worth of Macs in the quarter, compared with $5.9 billion in iPads. The last time Mac revenue topped iPad’s was in 2011 when the tablet was still in its early days.
The more interesting bit of news to come out of Apple's financial results announcement yesterday.