Apple surprised analysts yesterday by reporting better-than-expected earnings, and record revenue for what is always its slowest quarter. Revenue was up 17% year-on-year, significantly above the Wall Street consensus. There was even better news on profit, up 32% on the previous year.
With such dramatic revenue and profit growth at a time when Mac sales are down, you might expect that meant substantial growth in iPhone sales – but that wasn’t the case. Year-on-year, iPhone sales were up just 1% …
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