Apple Promises “Great Stuff” This Fall

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Apple

On a conference call Tuesday, Apple CEO Tim Cook told analysts to expect some “really great stuff coming in the fall and across all of 2014.”

The Apple CEO also said, “One of our areas for growth are potential new categories and we’re very excited about those.” But he offered no further details.

Apple also announced better-than-expected iPhone and iPad sales during its second quarter, ending March 30.

Apple sold 37.4 million iPhones during the quarter, up 7 percent from sales of 35.1 million in Q2 a year ago.

iPad sales soared by 65 percent to19.5 million units, up from 11.8 million iPads a year ago.

The figures came in above Wall Street expectations of 36.5 million iPhone shipments and 18.3 million iPad sales.

Apple net profit for Q2 fell to $9.5 billion compared to $11.6 billion for the quarter a year ago, marking the company first decline in profits in years.  Revenues grew however to $43.6 billion for the quarter, up from $39.2 billion a year ago.

Source: CEoutlook

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