Apple posts $9.5 billion net profit in second quarter of 2013

Apple posted net income of $9.5B for second quarter this year, and has reportedly earned a total of over $43B in revenue for the said quarter. This report comes possibly to prevent the AAPL stock from falling way below the $400-level. According to the report, some 19.5M iPads, 37.4M iPhones have been sold and we're not even half-way through the year yet.

Net income has dropped roughly $2.1B from the same quarter last year but the Company claims that they have actually sold more devices as compared to the same quarter last year. This report contradicts reports that the Company is already in trouble after Google, Samsung and even Microsoft have made strides in developing devices to compete with the iPhone and iPad.

Moreover, a big chunk of Apple revenue comes from the sale of applications, posting continuous growth at notable rate. Also, the Company reportedly is quite liquid as it has around $145B in cash, up from $121B same quarter last year. Clearly, the company is still on the roll.

Apple Press Release