Analysis

Apple financials reveal iTunes Store’s $4.3bn quarter


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Apple announced its latest quarterly financial results last night, beating analyst predictions with $35.3bn of revenues and a $6.9bn net profit.

This time last year, those figures were $35bn of revenues and $8.8bn of net profit. Device-wise, Apple sold 31.2m iPhones and 14.6m iPads in its fiscal Q3, up 20% and down 14% respectively year-on-year.

Apple’s iTunes Store generated record billings of $4.3bn in the last quarter, which translated into $2.4bn of revenues for Apple. The company says it has now paid out more than $11bn to iOS app developers, and has more than 320m registered iTunes accounts.

Stuart Dredge

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