Record Fall in Apple's Profit within Last Decade!

Smartphone giant apple faces a record fall in their quarterly profit within last decade! In the first quarter of this year, Apple earned profit $9.5 billion. And in the previous year, it was $11.6 billion! Gross margin for the quarter was 37.5% compared to 47.4% in the last year.

Market analysts said, Apple could face huge fall in their profit. But the profit earned from iPhone and iPad has saved Apple this time. To be honest, the results were better than many had expected, as strong sales of iPhone and iPad boosted revenues to $43.6 billion. Expert says, due to the increase in competition and declining demands for the products, Apple is facing such challenge.

Apple reported its second quarter result in April 23, 2013. The sales volume of iPhone and iPad were 37.4 million and 19.5 million respectively. In the previous year the number of iPhone sold was 35.1 million and iPad was 11.8 billion. The number of Mac sold is less than 4 million which was exact 4 million in the last year.

Apple CEO, Tim Cook Said-

“We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad. Our teams are hard at work on some amazing new hardware, software, and services and we are very excited about the products in our pipeline.”

Slowing demand for Apple's products during the time of increased competition hurts its share price recently.

"Though we've achieved a credible scale and financial success, we acknowledge that our growth rate has slowed and our margins have decreased from the exceptionally high level we experienced in 2012,"

- Tim Cook, Apple CEO

Tim Cook, while demanding that Apple had always met its own estimates, also mentioned that others had been disappointed recently - and seemed eager to calm investors' fears.

But he also made it clear that the next few months will be a lean period, with teams working hard to introduce new products "this fall and throughout 2014".

Apple's boss is promising that innovation isn't over at his company - but investors' patience will be tested through the summer.

Stay with Marks PC Solution to get more interesting IT topics!

Comments

GTA San Andreas Cheat Code (PDF)

After Vice City, San Andreas is the most popular game released by Grand Theft Auto (GTA). Usually GTA releases role playing game. San Andreas is such a game where you can act like a person. You can do everything. You have to take part in missions and complete them. To make your missions easier, there are lots of cheat codes. If you can properly apply these codes, the tough parts of the game will be easier. Cheat codes are somewhat like keyboard shortcuts of computer programs. I've shared 63 cheat codes below. There were more cheat codes in my collection, but I've omitted the less important cheats. Effects or result of the cheats are on the left side, and the codes are on the right side. You can copy the following codes in your PC. And for your convenience, I've also uploaded a PDF file of these codes. You will find the download link at the bottom. Effect Cheat Code Adrenaline Mode MUNASEF All Cars Explode ALL...

Joining Texts from Multiple Cells in Excel

Programs like MS Excel is full of functions. There are many useful functions that we don't use or we don't know about. One of them is CONCATENATE. It means joining or linking. With this function you can join texts from multiple cells. Let's see how . . . Suppose you're working in an Excel Worksheet where you need to combine texts from different cells. I'm gonna show you an example. Let's consider the image below - What do you see ? I've imputed First Name and Last Name. In Full Name column I've used the formula i.e. CONCATENATE. And in the last column I've added Mr. with the full name. So how do you use this formula ? Here it is - =CONCATENATE(A2," ",B2) Observe it carefully. You can add more than 02 cells with this functions. Here I've just used 02 cells. You may think what is this " " for ? You may notice that there is a space between the two i.e. " & ". If you don't use " " then you...

Running Total/ Cumulative Sum in Excel

Hey Guys! You should have noticed that I'm writing on MS Excel for last few days! To be honest I'm trying to learn some simple and useful tricks of Excel. And I'm also trying to share my knowledge with you. In this post I've come with such a little trick which maybe very useful if you face such situation. Let's begin . . . Running Total/ Cumulative Sum It means the summation of numbers in a list and it will be updated each time when a number is added or changes. Look at the image below - Look at the image. There are two columns with numbers. The first one is simply the number list. But the 2nd one is the summation of the list. Each time a new number is added to the first column the second one shows the summation. How to do this? It's not a magic. Very simple sum formula is used to perform this task. But there is a little trick. You just need to lock the first cell and then every time it will update the running total list. Here is my list. Sim...

Marks PC Solution

Search This Blog