Apple Q3 earnings: $35B in revenue, 26M iPhones, 17M iPads
Apple has increasingly relied on sales from large emerging markets such as China, where the Apple name holds even more cachet than it does here.Following the iPhone were sales of Apple's iPad. Apple broke its previous sales record of 15.43 million iPads, selling 17 million units. That's an increase of 84 percent over the 9.25 million sold during the same quarter last year. Of note, this was the first full quarter the company's third-generation model was on sale, since the product launched in mid-March.Apple disappointed with sales of 4 million Macs. Wall Street was expecting the company to sell 4.1 million units during the quarter. In the earnings breakdown, Apple's desktop line was the crux of most of the hit, slipping 18 percent in revenue compared with the last quarter, and 19 percent compared with the same quarter last year. By comparison, Apple's Mac-portables business, which includes the MacBook Air and MacBook Pro lines, was up 4 percent in revenue compared with last quarter, and 3 percent from the same quarter last year. Apple refreshed its entire notebook lineup during the second week of June, which was just a few weeks from the end of the quarter. Last, and least, was Apple's iPod business, which moved 6.8 million iPods during the quarter. That's down 10 percent compared with the same quarter a year ago, but above the 6.38 million units Wall Street expected.As usual, Apple is hosting a call with analysts at 2 p.m. PT to discuss the results and hold a question-and-answer session. You can follow along live with a loose transcript of that call here.
