Apple announced its latest quarterly financial results last night, for its fiscal 2013 fourth quarter (Q3 in calendar terms). Revenues were up 4.2% year-on-year to $37.5bn, while the company’s net profit dropped 8.5% to $7.5bn. Apple sold 33.8m iPhones, 14.1m iPads and 4.6m Macs during the quarter, compared to 26.9m, 14m and 4.9m in the corresponding quarter last year. “We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones,” said CEO Tim Cook in a statement. One more stat was revealed in the subsequent earnings call with analysts: Apple’s iTunes Store billings were up 15% to $2.4bn for the quarter. So is Apple doing well on the hardware front? Research firm Strategy Analytics has already pointed out that while Apple’s smartphone shipments were up 26% year-on-year to 33.8m, its fierce rival Samsung’s grew 55% to 88.4m, giving the latter a 35% global market share to Apple’s 13%.
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In the year or so since its launch, AI startup Kaiber has been making waves,…