Apple revenues hit $35 billion in lower than expected, but still record third quarter
Apple has posted third quarter results on the low end of expectations, selling 26 million iPhones, 17 million iPads, 6.8 million iPods and generating $35 billion in revenue for the quarter. The company’s quarterly net profit was $8.8 billion, up 20.3 percent percent year-over-year. Earnings were $9.32 per diluted share. The company also announced it would pay a cash dividend of $2.65 per share.
While Apple didn’t meet Wall Street’s expectations, Apple’s chief financial officer Peter Oppenheimer said the company had posted its best-ever June quarter, surpassing its own goals for both iPhone and iPad sales.
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