Tuesday, July 24, 2012

Apple Inc.(NASDAQ:AAPL) Under Selling Pressure On Lackluster Earnings, iPhone Numbers

Shares of Apple Inc.(NASDAQ:AAPL) are witnessing heavy selling in after hours as the world’s largest company value failed to meet analysts forecast and the company sold fewer than anticipated iPhone during the quarter.

Get Complete Earnings Report Here

The company posted net income of $8.82 billion, or $9.32 a share, up from a year ago profit $7.31 billion, or $7.79 a share and revenue grew 23% to $35.02 billion. Analysts were estimating the company to report $10.36 and revenue of $37.18 billion. The company’s international revenue contributed 62% of the total sales.

Following is the brief earnings card :-

The company said it sold 26.0 million iPhones in the quarter, up 28% unit growth year over year. The company sold 17.0 million iPads during the quarter, an 84 percent unit increase over the year-ago quarter. The Company sold 4.0 million Macs during the quarter, a two percent unit increase over the year-ago quarter. The company sold 6.8 million iPods, a 10 percent unit decline from the year-ago quarter.

Shares of AAPL slumped over 6% in after hours.

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