iPhone Sales Topped Wall Street Estimates – Apple Promises A Busy Autumn With New Products

On July 24, 2013

Apple has overcome significant sales estimates proposed by Wall Steet and sold in the third fiscal quarter of this year 31.2 million iPhone smartphones. Analysts estimated that Apple will sell in the mentioned period, 26 million phones.

Figures released by Apple are not as good on the sales side of the iPad. In the third quarter of fiscal 2013 Apple tablets were sold in a volume of 14.6 million units, well below Wall Street’s estimates that expect 17 million iPads sold.

Mixed results from the Cupertino Company’s sales have negatively influenced Apple shares. Thus, after the announcement of financial results for the third quarter of 2013, U.S. Company’s shares were up with 5%.

Apple achieved a gain of $7.47 per share, more than the $7.34 estimate of Wall Street analysts. Also, the company’s revenue in the third quarter was $35.3 billion, again above analysts’ expectations (35.1 milliard dollars).

Also during publication of financial results, Apple did an ad targeting company fans, especially investors. Peter Oppenheimer, Apple’s CFO, said: “We are ready to have a busy fall”. What can we understand from this is that Apple will announce its plans around October, in other words we will see some new products for sure and iPhoners.org will be among the first that presents them.