Following its earnings call, Apple has released its official Q3 results, and while the numbers are impressive, it seems they weren’t impressive enough for Wall Street. Apple announced:
quarterly revenue of $35.0 billion and quarterly net profit of $8.8 billion, or $9.32 per diluted share. These results compare to revenue of $28.6 billion and net profit of $7.3 billion, or $7.79 per diluted share, in the year-ago quarter.
Yep, that’s a decent growth over a year ago. Apple also declared 26 million iPhones were sold this quarter (up 28%), and 17 million iPads (up 84%). iPods took a bit of a hit, down 10% to 6.8 million, and Mac sales were up 2% to 4 million.
That all sounds pretty good, right? iPad’s doing gangbusters, everything except the iPod is up, and people were probably holding off buying the iPhone for the next release. Time to pop the champagne? Apparently not, as this wasn’t enough to live up to Wall Street’s expectations, and AAPL has dropped in after-hours trading. Apparently, experts expected more iPhone sales and higher revenue.
In cheerier news, Tim Cook announced that Mountain Lion is launching tomorrow, saying
“We’re thrilled with record sales of 17 million iPads in the June quarter. We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”
Written By 
People are saving there upgrades which is leading to these iPhone sales dropping.