Apple iPhone sales up, stocks down

Global SourcesUpdated on 2023/12/01

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Stocks fell about 7 percent in after-hours trading.

Apple iPhone sales set a new company record, though iPad sales slumped yet again (Source: Apple)

Apple released recently its Q3 results of fiscal 2015, and while the results were within expectations, some analysts were not happy. The disappointment had the company's stocks falling about 7 percent in after-hours trading. Still, the tech giant sold 47.5 million iPhones during the quarter or about 12 million more units than its sales in the same quarter the year before. These sales were particularly pronounced in phablet-enthusiast China, but growth was also particularly significant in the Americas.

The company had some good news on the Mac front, with sales up almost 9 percent over last year despite a weak PC market. The new lineup of Macs – and the USB-C connector on the Macbook Air – has proved to be quite popular.

On the other hand, iPad sales dipped year-over-year. The tablets are still the global market leader, but sold 17.7 percent fewer units than the year before. The slow tablet replacement cycle continues to hurt tablet sales both on the high and low end. Overall, the company sold 10.93 million units during the quarter.

Finally, the last result is no result at all: the Apple Watch. The company does not break out its sales of the Watch officially, with the product folded into the “other” category. That said, the company did see $2.64 billion in “Other Products” sales translating to 36.6 percent growth.

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