Apple executives praised the company’s record quarterly iPhone and iPad sales Monday.
Were it not for foreign exchange and other issues, revenue would have been $2.5 billion higher than the $57.6 billion that Apple took in during the October-to-December quarter, CFO Peter Oppenheimer said in a conference call with investors.
Investors, meanwhile, had been hoping for more than the 51 million iPhones sold last quarter as well as a greater revenue forecast for the current quarter. Apple said it expects this quarter’s revenue to be between $42 million and $44 million.
Here’s more in our live coverage of the conference call, which is just getting under way.
This article originally appeared on Recode.net.