Apple's Quarterly Results Show iPhone Sales are Strong

Episode 1103 (08:47)

Apple's quarterly results were posted, and they sold 35.2 million iPhones in the quarter ending in June. They made the most money of all on the iPhone, and are clearly an iPhone company. They hoped to sell slightly more, but it's still higher sales than compared to last year. Apple claims sales are down because of "rumors" of a new iPhone coming out in the Fall.

Revenue is pretty strong, profits are good. Apple has sold more Macs than they had in quite some time, but that could be attributed to new Macs coming out.

Apple Reports Third Quarter Results (Apple.com)…
http://www.apple.com/pr/library/2014/07/22Apple-Reports-Third-Quarter-Results.html

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