Menu
Apple misses iPhone estimates, but sales and profits excel

Apple misses iPhone estimates, but sales and profits excel

The company sold fewer phones than expected but still made more money than predicted

Apple reported an unusual misstep in the April-to-June quarter, selling fewer iPhones than analysts had been expecting, but it wasn't all bad news from Cupertino.

Sales of the iPhone 6 and 6 Plus were 47.5 million units, lower than the roughly 49 million phones that analysts had been expecting the company to sell. That immediately hit Apple shares, which dropped by more than 5 pe rcent in after-hours trading.

But for the quarter, Apple reported sales of $US49.6 billion, up by a third from the same period in 2014 and beating its own financial forecast and the elevated expectations of financial analysts who closely follow the company.

Net profit surged by 38 per cent to $US10.7 billion, also ahead of estimates.

"We had an amazing quarter, with iPhone revenue up 59 per cent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch," said Tim Cook, Apples CEO, in a statement.

Martyn Williams covers mobile telecoms, Silicon Valley and general technology breaking news for The IDG News Service. Follow Martyn on Twitter at @martyn_williams. Martyn's e-mail address is martyn_williams@idg.com

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuesmac laptopssmartphoneshardware systemsiPhonedesktop pcslaptopsfinancial resultsMac desktopsAppleconsumer electronics

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments