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Apple's Earning Disappoints Analysts

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Jul. 25, 2012 - Updated 01:26 UTC (10:26 JST) | NHK News

Apple earnings up 20% but disappoint

Apple's earnings in the 3 months through June were up 20 percent from a year
before but fell short of forecasts.

The US electronics giant said on Tuesday that quarterly net profit stood at 8.8
billion dollars. Sales also jumped 22 percent to 35 billion dollars from a year ago.

But these strong figures were still lower than many analysts had expected as
unit sales of the iPhone fell 26 percent from the previous quarter.
 
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