Apple misses estimates but still intrigues
Apple disappointed Wall Street this week but enticed iPhone 5-eager consumers.
During its third fiscal quarter, which ran through June 30, Apple reported revenue of $35 billion and earnings of $8.8 billion, or $9.32 per share. Wall Street was expecting Apple to pull in earnings of $10.35 a share on revenue of $37.2 billion.
Apple sold 26 million iPhones during the quarter, which was down from the 29 million Wall Street expected, though up 28 percent from the same quarter last year. Apple broke its previous sales record of 15.43 million iPads, selling 17 million units -- an 84 percent increase over the 9.25 million sold during the same quarter last year.
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