Apple
Sells 44
Million iPhones in Q2,
Beats Earnings Estimates
Apple beat Wall Street
Estimates for
Earnings and revenue in the March quarter, but projected lower-than-expected results for the upcoming quarter
Apple posted
Earnings of $11.62 a share on revenue of $45.6 billion for the second quarter, coming in well ahead of analyst
Estimates for
Earnings of $10.18 a share on revenue of $43.5 billion. However, the company said it expects revenue to drop to between $36 billion and $38 billion in the June quarter
The
iPhone business — still Apple's largest individual product line — proved stronger than analysts had expected.
Apple reported sales of 43.7
Million iPhones for the March quarter, beating
estimates of around 38
Million iPhones. That's up from 37.4
Million iPhones sold during the same quarter a year earlier.
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