Apple Sold 26.9M iPhones in Q3; Does Not Meet Wall Street’s Expectations

Apple had $36 billion in revenue last quarter, counting a net profit of $8.2 billion for that same period. Nevertheless, the profits did not meet Wall Street expectations.

The company expects revenues to increase to $52 billion next quarter, creating “diluted earnings per share of about $11.75” for investors.

In the release, Apple broke out the numbers for device sales: “The Company sold 26.9 million iPhones in the quarter, representing 58 percent unit growth over the year-ago quarter. Apple sold 14.0 million iPads during the quarter, a 26 percent unit increase over the year-ago quarter. The Company sold 4.9 million Macs during the quarter, a 1 percent unit increase over the year-ago quarter. Apple sold 5.3 million iPods, a 19 percent unit decline from the year-ago quarter.”



Publish date: October 25, 2012 https://stage.adweek.com/digital/apple-sold-26-9m-iphones-in-q3-does-not-meet-wall-streets-expectations/ © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT
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