Apple sets iPhone sales record but issues wary holiday forecast

10/28/2013 | Reuters · Bloomberg · All Things D · Bloomberg Businessweek

Sales of Apple's iPhone and iPad met Wall Street expectations in the company's fiscal fourth quarter, but analysts were disappointed in its profits as well as its forecast for holiday sales. The company said it sold a record 33.8 million iPhones -- up 26% from the year before -- and 14.1 million iPads in the quarter, but projected only a single-digit increase in holiday revenues. Regarding the tablet market, CEO Tim Cook said that "we are not solely focused on unit share, we are focused on usage share and customer loyalty and other things that are important to us."

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Reuters · Bloomberg · All Things D · Bloomberg Businessweek

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