Apple shares fall despite profits as iPad sales disappoint
Apple continues to wow investors with profits that beat expectations in the last quarter. It made $4.3bn in the three months to the end of September and sales of the iPhone rocketed by 91% compared to last year.
When it comes to the iPad tablet computer Apple says it sold 4.2 million but analysts were disappointed, saying they were looking for sales of five million or more.
Apple says it would have met that - it just couldn't make them fast enough to meet soaring demand.
Juliana Liu reports.
19 Oct 2010
- From the section Business