Apple reports quarterly profits and revenue exceeding Wall Street analyst predictions, and says both iPhones and Macs experienced year-over-year growth in sales despite the economy. Apple revenue rose to $8.34 billion for the quarter ending June 27, the company reports. However, Apple saw the sales of iPods dip, a situation that Apple CFO Peter Oppenheimer attributes to market self-cannibalization thanks to the iPhone and iPod Touch.
– Apple
saw robust revenue and profits for the quarter ended June 27 and a massive jump
in iPhone sales, even as sales of its signature product, the iPod, declined by
7 percent from a year ago.
During a July 21 earnings call, Apple Chief Financial Officer Peter
Oppenheimer referred to the previo…