
It's official. Apple had another blockbuster, record-breaking quarter.
But shares of AAPL are tanking after hours. Why? Apparently, it wasn't as much of a blockbuster as some investors were hoping for today.
All told, Apple sold 47.5 million iPhones last quarter, a 35 percent jump over the same quarter in 2014. But analysts were looking for 48.8 million shipments. Apple also forecast revenue of $49-$51 billion in its fiscal Q4. The average analyst estimate is for $51.1 billion -- yet another "disappointment."
For its fiscal Q3, Apple sold close to 11 million iPads, a decline of 18% from last year. No Apple watch sales numbers were reported, a factor that some analysts find unnerving.
"We had an amazing quarter, with iPhone revenue up 59 percent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch," said Apple CEO Tim Cook. "The excitement for Apple Music has been incredible, and we're looking forward to releasing iOS 9, OS X El Capitan and watchOS 2 to customers in the fall."
Notwithstanding the strong results, shares of AAPL are down 7% in after hours trading.
Source: Apple
Message