iPad sales slump, although iPhone growth continues

MCV Staff 24th April 2014 Business News

While Apple’s iPhone continues to grow its sales, its iPad tablets are failing to do the same.

The firm sold 16.4m iPads during Q2 2014, compared to 20m sales in Q2 2013. iPhone sales during the quarter hit 43.7 million – an increase of over five million compared to the 37.4 million sold in the same period last year.

During the period, which ended on March 29th, the firm saw quarterly revenue of $45.6bn (27.16bn) and quarterly net profit of $10.2bn (6.08bn) compared to revenue of $43.6bn (25.97bn) and net profit of $9.5bn (5.66bn) last year.

We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Cook of the results. "We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market. We’ve sold over 210 million [iPads in total], which is more than we or anyone thought was possible."

PCR has the full story.

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