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.
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