Apple has today reported its earnings for the third quarter of 2014, and its a little lower than what the analysts expected, coming in at $1.28 per share, with a revenue of $37.4 billion, which is below Wall Streets forecast of $1.23 per share, with $37.99 billion in revenue, but it did reach Apple’s own forecast of between $36 and $38 billion.
Apple also revealed that net profits had fallen to $7.3 billion, although sales per unit where actually quite good.
Apple sold 35.2 million iPhones in Q4, which is 4 million more than last year, as well as 13.27 million iPads (a 1.33 million drop from last year), and 4.4 million Macs.
Tim Cook, chief executive officer at Apple, said in a press release that Apple had a record June quarter that was fuelled by “strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem.” continuing to say in Apple’s earning statement that “We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce.”
Despite this statement, Apple’s share price dropped below $94 in after-hours trading.
You can check out Apple’s live-streamed conference call at 2PM PST for more information, were Tim Cook and the other Apple execs will be talking about what is next for the company.