CUPERTINO (AP) – Apple’s holiday season proved to be a disappointment even though the company sold a record number of iPhones and iPads during its latest quarter.
The fiscal first-quarter earnings released Monday topped analyst projections, but Apple sold fewer iPhones than Wall Street had been anticipating. Management also forecast revenue for the current quarter that fell below analysts’ predictions.READ MORE: Bay Area Projects to Benefit From U.S. Infrastructure Funding
Apple’s stock fell 5 percent in extended trading.
The Cupertino company sold 51 million iPhones during the three months ending Dec. 28. Analysts had predicted sales of about 55 million iPhones.READ MORE: UPDATE: San Jose Triple-Stabbing Suspect Fatally Struck On Hwy 85 Identified
Apple sold 26 million iPads in the quarter.
Apple Inc. earned $13.07 billion, or $14.50 per share, in the quarter. That’s roughly unchanged from $13.08 billion, or $13.81 per share, in the prior year.
Revenue rose 6 percent to $57.6 billion.MORE NEWS: San Francisco Police Scheduled Town Hall Meeting Over Fatal SFO Shooting
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