Apple just had its strongest quarter yet for revenue and devices, but failed to deliver on iPhone expectations (AAPL)

Apple posted its strongest-ever Q2 this past quarter in terms of device sales and revenue, the company announced at its earning call, marking its third consecutive strong quarterly performance. Despite these impressive results, though, the company still missed industry expectations for the company’s most profitable product, the iPhone; Apple sold 47.5 million iPhones vs. analyst expectations of 48.8 million. Apple’s Q2 iPhone sales were up 35% year over year (YoY).

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