Apple Wins on iPhones, Falls Short on iPads

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Apple sold more iPhones than expected but less iPads than analysts had predicted in its fourth quarter, ended September 29.

Apple logoApple sold almost 27 million iPhones, up 58 percent from the period a year ago.

The company sold 14 million iPads, up 26 percent from a year ago, but less than the 15 million some analysts expected.

Apple also sold 5.3 million iPods, down 19 percent from a year ago, and 4.9 million Macs, up 1 percent.

Analysts believe Apple could sell 10 million of its newly announced iPad minis by the end of the year, if it can keep supplies flowing, said The Wall Street Journal.

The iPhone remains the growth engine for Apple, accounting for almost 48 percent of sales for the quarter.

Overall for its Q4, Apple’s earnings climbed 24 percent. Revenue was $26 billion and net profit was $4.2 billion.  This compares to revenue of $28.3 billion, and net profit of $6.6 billion a year ago.

Source: Apple, The Wall Street Journal

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