Apple's Still Selling a Ton of iPhones
Despite all the talk about waning demand for the iPhone, Apple broke another phone sales record, reporting 47.8 million iPhone sales last quarter, a full 10 million more phones than last year's holiday season. With sales like that, the iMaker reported $54.5 billion in revenue and $13.1 billion in profits for the quarter ended Dec. 29. And yet, given the good news for the status of our enduring love for the iPhone, Wall Street doesn't look too happy. Apple's stock is down about 5 percent in after-hours trading.
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That disappointment might have to do with missed revenue estimates, analysts expected $54.9 billion in revenue, and the $13.1 billion profit number is flat from one year ago. Some could argue that proves a decline in iPhone obsession. The company doesn't break down the numbers for how many phones of which type it sold. The numbers could skew toward older models, which make Apple less money. But it also might have more to do with the slip in Mac and iPod sales. iPod sales took a particularly harsh turn, with Apple selling 2.7 million, down from 15.4 million from the same quarter a year ago.
