Apple beats expectations in Q3, has sold over 1.2 billion iPhones in 10 years

Apple posted iys results for the third quarter of this year, beating Wall Street expectations and sending the stock up 6% in after-hours trading. Revenue for the quarter grew 7%, earnings went up 17%. The Services division hit an all-time high revenue, Tim Cook says that the division alone could be a Fortune 100 company. Average selling prices of Apple devices Also, iPads have bounced back - after over 3 years of declining sales, the iOS tablets sold 14% more units. However, in monetary terms sales went up only 2%, suggesting that the cheaper $329 iPad is responsible for a huge...

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