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Apple whiffs on iPhone sales

LISA EADICICCOJul 22, 2015, 02:04 IST

Steve Kovach/Business Insider

Apple's earnings report for the June quarter is out, and the company just revealed that it's sold 47.5 million units. That's lower than the 48.8 million analysts were expecting.

In general, Apple's numbers beat on the top and bottom lines.

This comes after the iPhone smashed sales expectations during the first two quarters of 2015.

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In Apple's previous earnings report released in April, the company announced that it had sold 61.17 million iPhones surpassing analyst expectations of 58.1 million.

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