Apple sold 14 million iPads in its latest quarter, up 26 percent but still below the expectations of Wall Street analysts, even though many of them had lowered those targets after hints of lighter-than-expected sales during CEO Tim Cook’s presentation at the iPad Mini unveiling earlier this week.
Analysts had expected more than 15 million units, at least. The report comes as Microsoft releases Windows 8, with a new tablet-friendly interface designed to help the Redmond company challenge the iPad, along with the new Microsoft Surface tablet.
Apple overall posted revenue of $36 billion, beating analyst expectations of $35.8 billion. Its earnings of $8.67 per share fell short of estimates $8.75 cents.
Mac sales were up 1 percent to 4.9 million, and iPhone sales rose 58 percent, to 26.9 million.