Apple continues to grow slowly ahead of new product introductions. Total revenue grew 6% from last year, roughly the same rate it has grown over the past four quarters. iPhone sales met expectations, but iPad sales were weaker than expected for the second time in a row.
Apple’s forecast for September-quarter revenue was also slightly lower than anticipated: $37-40 billion, versus Wall Street expectations around $40.4 billion. This may suggest a later-September launch for the iPhone 6—though the company didn’t elaborate on its earnings call, only broadly teasing new products to come.