clock menu more-arrow no yes mobile

Filed under:

Tim Cook on iPad Sales, Cash Plans and Why Apple Believes It Is Undervalued

But what about the lower iPad numbers and weak sales forecast?

Asa Mathat

Apple reported a mixed bag of financial numbers on Wednesday, with overall sales and earnings ahead of estimates thanks to strong iPhone sales. However, its sales guidance calls for a significant sequential dip this quarter and iPad sales were not what analysts had been hoping for.

The company will make its case to Wall Street in a conference call set to begin in five minutes. Re/code will have live coverage here.

This article originally appeared on Recode.net.

Sign up for the newsletter Today, Explained

Understand the world with a daily explainer plus the most compelling stories of the day.