Apple misses analyst forecasts but reports annual growth

A jump in both iPad and iPhone sales has lead to a strong quarter for Apple, although its numbers fell short of analyst’s expectations.

Revenue hit $35bn for Q3 2012, up from $28.57bn the year before. Analysts had expected Apple to reach over $37bn.

Net income climbed from $7.3bn to $8.8bn while Apple retail revenue jumped 17 per cent to $4.1bn.

iPad sales increased 84 per cent year-on-year, reaching 17m units. iPhone sales climbed 28 per cent to 26m units. Mac sales rose slightly by two per cent to 4m units while iPad sales fell 10 per cent to 6.8m.