According to CNET, Apple sales down, but iPhone 7 offers glimmer of hope. Despite struggling with weak phone demand, the company manages to report better-than-expected quarterly results.
The doomsday scenario for Apple’s quarterly results will have to wait.
The company on Tuesday reported slightly better-than-expected fiscal third-quarter earnings, revenue and iPhone and iPad sales. It also gave a forecast for fiscal fourth-quarter revenue that wasn’t as bad as feared.
“We are pleased to report third-quarter results that reflect stronger customer demand and business performance than we anticipated at the start of the quarter,” Apple CEO Tim Cook said in a press release.
He added during a call with analysts that “We have an incredible lineup of products in our pipeline, and I’m incredibly bullish about our long-term opportunity.”