There is business, and then there is Wall Street. Apple reported third quarter sales on Tuesday afternoon, with sales growing 33 percent to $49.6 billion and earnings growing 45 percent to $10.7 billion — exceeding at least some of analysts’ expectations, but only by small amounts, which led to the stock dropping about 6 percent Wednesday morning. iPhone sales were strong at 47.5 million units, while iPad sales continue to erode, at 10.9 million units (compared to 13.3 million in the same quarter a year ago). Lifetime iPad sales are now approximately 284 million units. The reporting line that includes iTunes and the […]
