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Apple’s Q3 2013 earnings call – everything you need to know

In its Q3 2013 earnings call last night, Apple announced revenues of $35.3 billion and profits of $6.9 billion, with iPhone sales up and Mac and iPad sales down.

Tim Cook - Featured
Tim Cook - Body
Tim Cook didn’t give anything away during Apple’s most recent earnings call

Apple announced revenues of $35.3 billion and profits of $6.9 billion for Q3 2013 during the earnings call last night.

The call, hosted by CEO Tim Cook and CFO Peter Oppenheimer, saw the Cupertino company announce numbers that beat Wall Street’s somewhat tepid expectations. Revenues were slightly up on the $35 billion announced this time last year, but profit was down year-on-year, compared to $8.8 billion during Q3 2012.

As far as products sales go, iPhone sales stood at 31.2 million (up from 26 million during Q3 2012), while iPad and Mac sales were both down, coming in at 14.6 and 3.8 million, respectively. Although Mac sales are generally in decline, iPad sales saw the biggest drop year-on-year (Apple sold 17 million iPads in Q2 2012), but it’s worth pointing out that this time last year’s sales came off the back of the launch of the third-generation model.

Elsewhere in the call, Oppenheimer revealed that this past quarter saw the App Store’s best month and best week ever for sales, netting a cool $2.4 billion during the quarter. This brings the total revenue for iTunes Software and Services to $4 billion for the quarter.

Unlike previous earnings call, not much was said nor given away by Cook or Oppenheimer regarding new products or launches, except for the vague tease of, “amazing new products that we will introduce in the fall and across 2014.”