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Apple sells more iPhones than expected in Q3

Sales down for the second straight quarter, cutting total revenue by 14.6% in the quarter ended June 25

39228997 - 28_07_2016 - US-APPLE-QUARTERLY-PROFIT-FALLS-27-PERCENT-ON-WEAK-IPHONE-SALES.jpg
Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, soothing fears that demand for the company's most important product had hit a wall.

San Francisco

APPLE Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, soothing fears that demand for the company's most important product had hit a wall.

Its shares rose 7 per cent

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