Apple this afternoon reported iPad sales of more than 11.4 million units for the quarter ended July 1, a 15 percent increase that bucked the trend of declining sales for the company’s iconic tablet. Apple released a new 10.5 inch version of the iPad Pro in June, likely contributing to the increase.
For the quarter, iPhone sales were up 2 percent to 41 million units, and Mac sales rose 1 percent to just under 4.3 million.
The company overall posted quarterly revenue of $45.4 billion, an increase of 7 percent, and earnings per share of $1.67, beating Wall Street’s estimates on both measures. Analysts polled in advance expected the company to report earnings of $1.57/share on revenue of $44.89 billion.
Apple shares are up more than 5 percent in after-hours trading.
The company’s conference call with analysts and investors is under way now.
Source: Geekwire Apple