China growth as demand wanes

3 billion over the same period last year, thanks in no small part to boosted sales in Asia. Tim Cook doesn’t seem to be concerned about the drop in iPad sales. The company’s third quarter results, released today, reflect a similar trend.4 billion and a 7. Still, Apple fell short of expectations.


“This isn’t something that worries us,” he told the Wall Street Journal. At 37.3 billion and a 6.7 billion net profit, but bested Q3 2013, when Apple posted revenue of 35.

6 million last year. iPhone and Mac adoption remains strong, with 13- and 18-percent increases over the same period in 2013, respectively, but iPad and iPod sales both slipped, registering 9-percent and 36-percent respective drops.3 million, from 14. A smartwatch is expected soon, following several related hires, while a larger iPhone may appear this fall alongside the launch of iOS 8.

Earnings were 600 million shy of that amount, however, with revenue of 37. Meanwhile, Apple’s projecting boosted revenue in Q4, between 37 and 40 billion — the company reportedly has quite a few new products in the pipeline, which could impact its balance sheet for the rest of the year.9 billion profit.

Apple sold 35 million iPhones during Q3 of this year, compared to 31 million in 2013, while iPad sales dropped to 13.4 billion, revenue is up 2. iPhone sales were up significantly over Q2 2013 and the company pocketed 700 million more in profit than it did during the same period last year, even though iPad sales slipped slightly.Apple had a very strong second quarter.

During its Q2 conference call in April, in what’s typically a conservative estimate, reps suggested that Q3 revenue could approach 38 billion. What you think?