iPhone Sales Fall Short Of Expectations
Apple sold 17.07 million iPhones in the fiscal 2011 fourth quarter which ended September 24, 2011, representing 21 percent unit growth over the year-ago quarter. During the quarter, the company sold 11.12 million iPads, a 166 percent unit increase since last year. Despite the increases, the company didn’t sell as many iPhones as analysts had speculated.
The New York Times has more: “In a rare disappointment, the company missed Wall Street forecasts for its iPhone business… investors fixated on a 16 percent decline in iPhone sales from the third quarter.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in