Apple reported Tuesday its fiscal third quarter 2017 earnings after the bell, noting that it sold 41 million iPhones during the quarter.
Wall Street was looking for Apple to sell 40.7 million iPhones during the quarter, according to a StreetAccount consensus estimate. Apple sold 40.4 million iPhones in the year-ago quarter.
iPhone sales always tend to be a little sluggish during this quarter as consumers begin to anticipate Apple’s newest iPhones. The iPhone 8, Apple’s new flagship handset, is expected this fall, possibly as early as September. Apple is also expected to launch the iPhone 7s and iPhone 7s Plus in September.
Apple has also struggled in recent quarters with iPhone sales in China, where it continues to lose market share to Android smartphone makers selling more affordable devices. As of late July, Apple was at risk of falling out of the top 5 smartphone vendors in China, according to data from Canalys.
Rounding out Apple’s product sales, the company also reported 11.42 million iPads shipped vs 9.03 million units estimated and 4.29 million Macs shipped vs 4.33 million units estimated.
Source: CNBC
