Wednesday, July 23, 2014

Apple Reports Jump in iPhone Sales but Another iPad Drop









Apple said quarterly profit rose 12% to $7.75 billion, with a jump in iPhone and Mac sales helping to make up for a drop in purchases of the iPad, the device that practically created the tablet category.


Apple sold 35.2 million iPhones, up 13% from the quarter a year earlier, and 4.4 million Macs, up 18%. That helped boost revenue by 6% to $37.4 billion in the quarter that ended June 28.


IPad sales fell for the second straight quarter, to 13.3 million, the company said in a statement today.


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