Apple revenue lags Street's view despite selling 32mil iPhones


  • Business
  • Wednesday, 23 Jul 2014

SAN FRANCISCO: Apple Inc posted a smaller-than-expected 6% rise in quarterly revenue on Tuesday, but revenue surged 28% in greater China despite stiff competition in its third-largest market.

It 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.

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