Apple has released its Q3 earnings report with a relatively disappointing profit figure ($6.9 billion, down from Q3 2012). Samsung has also reported its earnings: it made $8.33 billion in profit over the same quarter.
This isn’t too surprising – Samsung has a huge amount of products across various categories and should really be making more money than Apple anyway. For example, Samsung has TVs, dishwashers, and other consumer electronics.
Apple's figures aren’t great though – it’s the first time its profit has fallen year-over-year in a decade. As we explained yesterday though, there are a variety of reasons that justify it, namely,the lack of new products in March/April this year. Last year there was a new iPad and MacBook Pro released in March/April so that gave Apple a sales boost for Q3 2012. Share price has increased in the pre-market price (+3.64 percent) so it looks like investors are happy with the report.
