As some investors feared, Apple on Tuesday reported numbers that were worse than its performance a year ago for the second quarter—though the company still saw record sales for its March quarter.
The company posted $43.6 billion in revenue for the quarter, with net profit of $9.5 billion. That puts earnings at $10.09 per diluted share. In the same quarter last year, Apple reported $39.2 billion in revenue and profit of $11.6 billion.
Apple’s gross margin for the quarter was down nearly 10 percent from the year-ago quarter: 37.5 percent for the 2013 quarter, compared to 47.4 percent for the second quarter of 2012.
Sales of iPhones and iPads remain strong. Apple reported 37.4 million iPhones were sold during the quarter—a slight uptick from the 35.1 million sold in the year-ago quarter. But iPad sales soared year over year: 19.5 million tablets were sold in the second quarter of 2013, compared to 11.8 million in the year-ago quarter.