Apple Sells 27M iPhones In Quarter

Apple said Thursday it sold 26.9 million iPhones in its fiscal fourth quarter--slightly above recently reduced estimates of about 25 million to 26 million—but its profit of $8.2 billion, $8.67 per share, fell short of Wall Street’s expectations.

Revenue came in at $36 million for the quarter, up from $28.3 million a year ago and $35 billion in the prior quarter.

Analysts on average estimated Apple would report a profit of $8.84 per share on revenue of $35.9 million.

Apple sold 14 million iPads in the quarter, 4.9 million Macs, and 5.3 million iPods. The tech giant announced earnings Thursday just two days of introducing its smaller new tablet—the iPad mini—and updated MacBook Pro and iMac models. The iPhone 5 was released in mid-September, which helped lift sales at the end of the quarter.

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