Apple Inc sold a record number of iPhones and
iPads last quarter, but profit was little changed at 13.1 billion
dollars from the same quarter in 2011, the Cupertino,
California-based company said Wednesday.
Revenues rose 18 per cent to a record 54.5 billion dollars, which
fell short of analyst's estimates. Share prices declined by as much
as 11 per cent.
The lack of profit growth was attributed to higher manufacturing
costs and the introduction of the brand new iPhone5, iPad mini and a
restyled Mac right before the Christmas buying season.
Smart phone sales increased to 47.8 million units from 37 million
in the year-earlier period, while tablet sales rose to 22.9 million
in the three-month period ended in December from 15.4 million.
