Record iPhone sales just aren't enough.
Apple on Monday reported record revenue for the fiscal first quarter as it sold more iPhones and iPads than ever. However, the company sold fewer iPhones than Wall Street analysts expected, and it also projected weak revenue for the current period.
"Our objective has always been to make the best and not the most," CEO Tim Cook said during a conference call with analysts. "We feel like we're doing that."
The Cupertino, Calif., electronics giant said it sold a record 51 million iPhones, but analysts had expected 55 million. Apple also sold a record 26 million iPads, better than analysts' estimates for 25 million, and Mac sales of 4.8 million topped the Street view for 4.6 million. continue reading from here http://news.cnet.com/8301-13579_3-57617838-37/apple-rings-up-record-q1-iphone-sales-but-still-disappoints-wall-street/
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