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Apple's iPhone Sales dropped due to Galaxy S3 release in Q3,2012, Company lost $9.1 M

25 July, 2012 Apple



Apple today announced the results of the third financial quarter of the year and as usual the numbers are impressive but the iPhone sales is dropping.

The company reported a Q3,2012 profit of $8.8 Billion, Compared to a $11.6 Billion in Q2,2012. Also the iPhone's sales has been dropped from $35.1 Million to $26 Million, this 9.1 Million loss is due to the Samsung Galaxy S III release during this quarter, the korean giant flagship device hits the markets in the US, EU and all over the globe.


Apple Q3

Samsung will also release a Galaxy device in the same time Apple will relier its new iPhone 5in Q4 this year, which will also affect the phonier sales more.



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