But don't get too excited about a full turnaround. The numbers were helped by sales of the iPad Pro, which launched in September and wouldn't have shown up in the year-ago results. Apple CEO Tim Cook said in April that he continued to be optimistic about the iPad business, and teased strong numbers for this period. The 9 percent decrease is more moderate than in prior periods. In the second quarter, Apple saw its unit sales decline by 19 percent from the year-ago period. That followed a fall of 25 percent in the first quarter and 20 percent in the fourth quarter.
Beyond the iPad Pro, Apple hasn't done much to shake up its iPad business, The company has focused on tweaking or making modest improvements to its existing iPad Air and iPad Mini franchises, -Shara Tibken contributed to this report, Apple's troubled iPad business beat expectations and actually saw an increase in revenue, Apple offered some reason to be cautiously optimistic about the vaja agenda mg iphone x premium leather flip case - tan reviews iPad, The company on Tuesday released its fiscal third-quarter results, and iPad sales once again fell, Be respectful, keep it civil and stay on topic, We delete comments that violate our policy, which we encourage you to read, Discussion threads can be closed at any time at our discretion..
"We are pleased to report third-quarter results that reflect stronger customer demand and business performance than we anticipated at the start of the quarter," Apple CEO Tim Cook said in a press release. "We have an incredible lineup of products in our pipeline, and I'm incredibly bullish about our long-term opportunity," Cook said during a call with analysts. Apple still makes a ton of money, but its primary product -- the iPhone, which accounts for about two-thirds of sales -- isn't selling as well as many would like. The problem is that people have become a bit blase about phones. In places like the US, nearly everyone who wants a phone has one. Meanwhile, economic woes have hurt sales in China. In April, Apple reported its first drop in phone sales, and many feared the worst for the third quarter, typically the company's weakest period because it comes right before a new iPhone launch.
The company on Tuesday again reported a slide in iPhone sales, but the decline was less than some expected, Apple said it sold 40.4 million iPhones during the period, fewer than the 47.5 million sold last year but better than the 39.7 million units Wall Street had estimated, according to Bernstein vaja agenda mg iphone x premium leather flip case - tan reviews analyst Toni Sacconaghi, Sales "reflect stronger customer demand and business performance than we expected just 90 days ago," Cook said during the call with analysts, He added that demand for the iPhone SE, the new 4-inch phone Apple released in late March, outstripped supply throughout the quarter, Apple now has enough supply to meet demand, he said..
Still, Apple's forecast was enough to please Wall Street. Shares rose 7.1 percent to $103.65 in after-hours trading. "We believe the guide implies the business is perhaps not as bad as expected," Piper Jaffray analyst Gene Munster said. Overall revenue slid 15 percent to $42.4 billion. Analysts polled by Thomson Reuters had expected $42.1 billion. Net income dropped to $7.8 billion, or $1.42 a share, from $10.7 billion, or $1.85 a share, a year ago. Wall Street had forecast per-share earnings of $1.38.
