Apple Inc. (NASDAQ:AAPL) beat Wall Street expectations for the March quarter, but projected lower-than-expected results for the upcoming quarter. Apple announced earnings of $11.62 per share on revenue of $45.6 billion for Q2 2014.
This is ahead of analyst estimates at earnings of $10.18 a share on revenue of $43.5 billion. Apple is expecting revenue to drop to between $36 billion and $38 billion for the June quarter.
Apple reported it sold 43.7 million iPhones for the March quarter, which beat estimates of around 38 million iPhones. This is up from 37.4 million iPhones sold during the same quarter a year earlier.
Apple sold 16.3 million iPads in the quarter, which is down from 19.5 million a year earlier.
Apple sold 2.8 million iPods, which is a 52% decline from a year earlier.
Overall, Apple had a successful quarter. Next quarter will be rough, but this could be made up with the introduction of new products before the holiday season.