Profits rose 21 per cent to $8.8 billion. That's either "thrilling" or "disappointing", depending on who you listen to.
Apple third quarter results rose 21 per cent to $8.8 billion, or $9.32 per share, on revenue of $35 billion, up 22 per cent from a year earlier.
However, these results were less than analysts had expected and as such, shares fell in after-hours trading by $34 - almost six per cent.
Previous estimates had suggested Apple would post earnings per share of $10.36 on revenue of $37.2 billion.
Tim Cook, Apple's CEO, said the company was "thrilled" with its record sales of iPads in the June quarter. But then he would say that.
Apple reported that it sold 26 million iPhones in the quarter, representing a 28 per cent increase on the same quarter a year ago. Apple also sold 17 million iPads during the quarter, an 84 per cent unit increase.
Even though the year-over-year growth is impressive, the numbers are down on the second quarter this year. The major reason for the drop is due to iPhone sales, which couldn't match the 35.1 million from the last quarter.
The speculated reason for the drop in iPhone sales is because consumers are waiting for the iPhone 5 before they shell out.
Apple also confirmed that there are now over 650,000 apps on the Apple App Store, up from 600,000 in April, and that 250,000 of them were developed specifically for iPad.
The firm has also paid out $5.5 billion to developers, up from the $4 billion in April.
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