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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.

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