Apple's iTunes business generated $1.8bn in revenue in its fiscal Q3 2012, down $100m on what it made in Q2.
However, Q3 revenue - counting the three months to June 30, 2012 - was up $400 million year-on-year.
Apple posted an overall $8.8 billion profit on revenue of $35 billion - with net income increasing 21% over the prior June quarter’s results. The quarter’s net income translated to diluted earnings per share of $9.32.
However, the firm's share price dropped by 4.8% today (Wednesday, July 25) to $572.04 after sales, profit and fiscal fourth quarter guidance missed expectations.
Mac sales rose year-on-year by 2% to 4m units as iPhone sales rose 28% to 26 million units. Quarterly iPad sales jumped by 84% to 17 million units, but iPod sales continued to slide - down 10% to 6.8 million.
Apple TV sales now total more than 4m around the world - with Q3 sales jumping 170% year-on-year to 1.3 million.
There were over 40 million downloads of the iTunes U app in the Q3 period.
Apple said there there now exist 410 million iOS devices in the world, whilst 150 million people are using iCloud.
Apple launched the iTunes Store in 12 countries including Hong Kong, Singapore, and Taiwan last month. Customers in the territories can choose from over 20 million songs to download over the service.
Advertisement
