Apple's iPhone sales up 16% but iPad sales down
Tuesday 21 October 2014 07.41
Apple has forecast a strong Christmas quarter after a better than expected 16% jump in iPhone sales, and the strongest growth in Mac computer shipments in years helped the company surpass Wall Street's targets.
The company last night projected stronger-than-expected revenue of $63.5 billion to $66.5 billion in the December quarter.
But sales of the iPad, which helped launch the mainstream tablet market in 2010, slid for the third quarter in a row.
A gradual decline in tablet demand worldwide has worried investors already concerned with Apple's slowing growth, who are awaiting a new device that can energise its expansion.
Sales of Apple's tablet slid more than 7% from the previous quarter to 12.3 million units, and were down 13% from the same time last year.
Some investors hope that Apple's recently forged alliance with International Business Machines, intended to drive tablet and phone sales to corporate customers, may help reverse a decline in sales of the tablet device.
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