It seems that time is not favoring Apple with its recent failure in a row to impress Wall Street analysts. The reports are confirming that Apple for once again has disappointed Wall Street for the second quarter results, which were released on Thursday showcasing not an equivalent growth in iPad sales as had been expected by the officials.
According to the quarterly results, the iPad's sale figure has unfortunately beat the company's own forecasts with recording net profits up by 24% taking the figures to $8.2bn (£5bn) whereas the revenues were up by 27% reaching to $36bn thereby earning the company profits of $8.67 per share.
But forecasts of the Wall Street analysts expected profits at $8.75 per share, which implies that the stock has dropped below $600 in afterhours trading from its official $609 close.
Also, on the other hand, reports of the officials are confirming a faster growth in the sales of iPhones than the forecasted figures. The company has increased the sales of iPhones by 58 percent rising to 26.9m in the quarter, which also includes the one week when the company's new iPhone 5 was on sale.
Analysts hope to see a better figure in the next quarter as the market has started showcasing signs of revival in consumer's demand in the UK and US.
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