Apple Shows Good Financials, Slower iPhone Sales

Apple’s third-quarter financial results beat estimates and set records, but iPhone sales were below estimates. In after-hours trading the stock was down, and opened down on Friday.

Apple posted revenue of $62.9 billion compared to $52.6 billion a year ago. The company sold 46.9 million iPhones, 9.7 million iPads, and 5.3 million Macs. iPhone numbers were slightly higher and the others slightly lower than last year, but higher prices made up the difference. Apple’s services revenue grew again to $10 billion.

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