LOS ANGELES -- Even with consumers waiting for a new iPhone, they reached into their pockets and continued buying the iconic device between April and June.
Apple said it generated $37.4 billion in revenue and a profit of $7.7 billion ($1.28 per share) in the fiscal 2014 third quarter, up from $35.3 billion and $6.9 billion ($1.07) in the year-ago quarter, mostly fueled by iPhone sales.
The earnings slightly exceeded analyst estimates.
Apple shares slid 0.46% to $94.31 in after-hours trading. The company announced results after markets closed.Guidance for the coming quarter is revenue between $37 billion and $40 billion.
The company said it sold 35.2 million iPhones in the quarter, which is historically weaker than the end of the year and first quarter, when most new iPhones are sold. iPhone unit shipments were up 13% from the year-ago quarter, when Apple sold 31.2 million units.
Apple said it generated $37.4 billion in revenue and a profit of $7.7 billion ($1.28 per share) in the fiscal 2014 third quarter, up from $35.3 billion and $6.9 billion ($1.07) in the year-ago quarter, mostly fueled by iPhone sales.
The earnings slightly exceeded analyst estimates.
Apple shares slid 0.46% to $94.31 in after-hours trading. The company announced results after markets closed.Guidance for the coming quarter is revenue between $37 billion and $40 billion.
The company said it sold 35.2 million iPhones in the quarter, which is historically weaker than the end of the year and first quarter, when most new iPhones are sold. iPhone unit shipments were up 13% from the year-ago quarter, when Apple sold 31.2 million units.
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