For the Q2 2013, the company had a profit of just $41 million on revenue of $2.35 billion. During the same quarter last year, the company had profit of $246 million on revenue of $3 billion.
The company's highly-rated One flagship device does not appear to have helped them at all, despite 5 million sales in the One's first 50 days after launch.
May was a strong month, following the release of the One, but June saw revenue drop 24 percent from the month before and 26 percent year-over-year.
The new results are a far cry from 2011 when the company averaged over $400 million in profits per quarter.
Written by: Andre Yoskowitz @ 5 Jul 2013 20:15