Apple earnings - iPhone shipments fell to 47.5 million, below expectations

"Apple beat the high end of its guidance, once again. In April, it had predicted that June quarter sales would fall between $46 billion and $48 billion; they reached $49.6 billion. Apple's China business is still more than doubling on a year-over-year basis. Revenue in Greater China reached $13.2 billion, up 112% year-over-year. (Versus 33% overall growth and just 15% growth in the Americas.) China revenue represented 27% of Apple's total, down a bit from the prior quarter. Apple's June quarter revenue reached $49.6 billion, just ahead of expectations. That represents 33% year-over-year growth, an acceleration from the March quarter. iPhone shipments fell to 47.5 million, below expectations. iPhone revenue represented 63% of Apple's total, a decrease from prior quarters. "Click here to watch live updates (VIEW LINK)