Sales of both the iPhone and the iPad remained strong for Apple during the quarter ending June 30, though higher expectations form Wall Street analysts meant that shares for the company are in a decline.
Newsbrief: Sales of Apple's popular iPhone smartphone during the three months ending June 30 came in higher than the same period last year, but below Wall Street expectations. The 26 million units sold was 28 percent more than in the same quarter in 2011, though about a million less than analysts had anticipated. The company saw a record 17 million third-quarter iPad sales, up 84 percent from the same period last year. Macintosh computers are essentially flat at 4 million sold, while iPod sales continue to decline. Shares for the company fell sharply in after-hours trading, as the company's revenues and income were also below analyst consensus.
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