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Apple posts 6% growth in quarterly revenue

: Thursday, July 24 - 2014 @ 05:19

Apple Inc. has reported a smaller-than-expected 6% rise in quarterly revenue, but revenue surged 28% in China, despite stiff competition in its third-largest market, Reuters has reported. The company sold 35.2 million iPhones in the June quarter, a rise of about 13% that was in line with analysts’ projections, helped by a strong performance in an Asian market considered crucial to Apple’s longer-term growth prospects. The iPhone maker reported sales of $37.4bn in its fiscal third quarter ended June, falling short of Wall Street’s expectations for about $38bn. Sales of iPads at 13.3 million also fell a little short of analysts’ projections for more than 14 million.

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Thursday, July 24- 2014 @ 5:19 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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