Apple reported US$37.4 billion in revenue for its third fiscal quarter and 35.2 million iPhones sold, coming in below Wells Fargo analyst Maynard Um's expectation of $38.2 billion. That may be disappointing, but it doesn't spell certain doom for Apple because Mr. Um sees the upcoming fall product launches as a big boost for the company's performance.
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iPhone sales were up for the quarter, but not up enough to please analysts. But Q4 will reportedly include new iPhone models and maybe the iWatch, so maybe Tim Cook can make them happy this time.