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Apple fails to meet analyst expectations on iPhone sales, Apple blame rumors of the new iPhone

Rumors of the new iPhone have hurt current iPhone sales, says Apple

Anthony Garreffa | Jul 24, 2012 at 9:14 pm CDT (0 mins, 57 secs time to read)

Apple released their Q3 2012 numbers, where we saw 26 million iPhones sold, but it was a huge drop from the previous quarter which saw 35.1 million sold. Why the gigantic, sudden drop?

Apple fails to meet analyst expectations on iPhone sales, Apple blame rumors of the new iPhone | TweakTown.com

Well, Apple are blaming rumors of the next-generation iPhone, causing a negative impact on sales. After years of beating Wall Street forecasts, Apple failed to meet analyst expectations for its latest fiscal quarter. CFO Peter Oppenheimer was pressed by analysts about this, where he cited the strong US dollar, economic conditions and ongoing rumors as its biggest challenges. He noted:

We're reading the same rumors and speculation that you are about a new iPhone.

But, can people really swallow that a third of Apple customers are patiently waiting for a new iPhone? Could it be that Samsung have a better specced device, and are constantly increasing in sales, hitting 10 million Galaxy S III sales within two months. If Apple are saying that people are waiting for the new iPhone, that would mean we should see a spike of around 9 million above this quarters iPhone sales, yes? So "Q1 2013" for Apple should see them back to 35 million, or more.

Last updated: Apr 7, 2020 at 11:28 am CDT

NEWS SOURCE:electronista.com
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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