Apple has announced its long awaited financial results for its fiscal third quarter of 2013 and posted a revenue of US $35.3 billion with quarterly net profit of US $6.9 billion or US $7.47 per diluted share.

These results are, of course, compared to last year quarter results that were at US $35 billion revenue, US $8.8 billion in net profit or US $9.32 per diluted share. Gross margin was 36.9 percent, down from 42.8 percent last year. Operating expenses for the company are reported at between US $3.9 and $3.95 million.

It does not take much in order to see that Apple is not doing that well. The main reason probably lies in Apple's downfall in greater China where it dropped by 43 percent in revenue when compared to previous quarter and by 14 percent when compared to the same quarter last year.

According to the report, international sales accounted for 57 percent of this quarter revenue and Apple managed to sell 31.2 million iPhones which is quite a results compared to 26 million in the same quarter a year before. It also managed to drown 14.6 million iPads and 3.8 million Macs.

Apple's CEO, Tim Cook noted that the company is proud on the record June quarter iPhone sales and that the company is "laser-focused" and working hard on some amazing new products set to be introduced in the fall and across next year. Tim Cook also blamed the problems in the economy while analysts are still worried that sliding margins and saturation of the market could further influence Apple's financial situation.



Source: Apple.com.