Today, Apple announced its fiscal third quarter 2014 results, ending June 28, 2014. The company saw revenues of $37.4 billion and net profit of $7.7 billion for the quarter. Revenues are in line with what analysts expected. The company sold 35.2 million iPhones in the quarter, and 13.3 million iPads; year-on-year, that's up from 32.1 million iPhones and down from 14.6 million iPads. However, analysts expected more in the way of iPhone sales -- 36 million, Re/code reports. The iPhone 5s is still the world's best-selling smartphone, according to market research data. The company's shares are down very slightly in after-hours trading -- just 55 cents, putting them at $94.17 a share as of this writing. The big, needle-moving news for iPhone will be this fall, as the company is expected to introduce a new model of the device.
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Apple's quarter sees good performance, solid phone sales
Apple has strong financial performance for its third quarter as iPhone sales are up slightly year-on-year, while iPad sales are down.