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Apple Going Strong Despite Perceptions

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    Posted: May 03 2013 at 3:49pm
With all of the new Android devices being released almost weekly, and the major decline in Apple’s stock since last fall, you would think that Apple is about to go out of business. This, of course, is an exaggeration as Apple just release their Q2 (Second Quarter) earnings numbers on Tuesday and they beat Wall Street’s expectations. Apple accrued a profit of $9.5 billion and a revenue of $43.6 billion. These revenues are slightly higher than what experts were predicting, but not quite as high a profit as Apple has had in the past.

This is welcome news for the technology giant that has seen its stock drop over 300 points from a high of  $705 a share to a low of under $400 a share since last September. Much of the concern has been over the fact that iPhone sales have been in decline, though still a massive source of revenue. iPhone sales for the last quarter were over 37.4 million units. While this is a great sales number, the growth of iPhone sales has slow quite a bit. One product, however, that showed a tremendous growth rate was the iPad. Compared to last year, iPad sales were up 65% to over 19 million units sold. The main thing that can be taken away from these figures is that Apple is still selling millions of products, but some new, “innovative” features may be necessary for continued growth.

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