Apple Reports 3Q Profit

Apple Reports 3Q Profit
Apple reported revenue of $35 billion and a net profit of $8.8 billion for its fiscal third quarter ending June 30, up from $28.6 billion in revenue and a $7.3 billion profit from the year-ago quarter. The results represented the company's slowest growth in more than two years and failed to meet analysts' expectations. Sales of iPhones reached 26 million, 28 percent higher compared to the year-ago quarter, and iPad sales totaled 17 million, up 84 percent. Apple sold 6.8 million iPods, a 10 percent decline from the year-ago quarter. (7/25)

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