Apple's IPhone Revenue Beats, But IPads And Mac Sales Miss

MarketWatch Pulse

Apple Inc.'s second-quarter iPhone revenue more than doubled from last year, to $40.28 billion from $26.06 billion, and beat the FactSet consensus of $36.76 billion. But iPad revenue fell to $5.43 billion from $7.61 billion, missing the FactSet consensus of $6 billion, and Mac revenue inched up to $5.62 billion from $$5.52 billion, just below the FactSet consensus of $5.79 billion. The stock is up 1.2% in after-hours trade at $134.37, putting it above the Feb. 24 all-time intraday high of $133.60.

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