Apple’s net profit dropped during the second quarter of 2013 as the company’s iPhone shipment growth slowed down, based on year-over-year comparisons.
Apple recorded a profit of $9.5 billion for the second quarter ending on March 30, falling from the $11.6 billion profit reported in the same quarter last year. The company’s revenue was $43.6 billion, growing from $39.19 billion in the year-ago quarter. Analysts expected revenue to be $42.33 billion.
IPhone sales grew, totaling 37.4 million units, compared to 35.1 million in last year’s second quarter; however, in that period last year unit shipments increased by 88 percent year over year. Mac sales were flat, totaling just under 4 million units during the quarter.
The company recorded fast growth with iPads, with shipments totaling 19.5 million during the quarter, compared to 11.8 million in the previous year’s quarter.
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