Apple announced its earnings for the first three months of 2013 and the results were strong. The company’s Q3 2013 earnings was on par with Wall Street estimates and its own guidance. The company reported $43.6 billion in revenue, $9.6 billion in profit and $10.09 earnings per diluted share. Gross margin was down year over year to 37.5 percent, but that was expected given the lower margins on the iPad mini. The Cupertino company sold 37.4 million iPhones and 19.5 million iPads in the quarter.
In Q2 2012, Apple reported $12.30 earnings per share, with $39.2 billion in revenue and $11.6 billion in profit. The Cupertino company sold 35.1 million iPhones and 11.8 million iPads in the same quarter last year.