Apple posts record $54.5bn revenues, $13.1bn profit in Q1 FY13

Tom Pakinkis

Apple posted record revenues for $54.5bn (£34.4bn) in Q1 FY13 (the three months to December 31 2012) along with record net profits of $13.1bn (£8.7bn).

The figures still managed to fall short of Wall Street projections, however, causing a 10% dip in Apple’s share price.

During its first financial quarter (October 1 to December 31 2012) the company saw earnings stay flat year-on-year at $13.1bn (£8.7bn) – the first time in years that Apple hasn’t posted double digit increases.

Apple ...

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