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Apple Does Its Quarterly Dance With Wall Street

A great quarter -- that would have been even better had it not been for currency conversion and other issues.

by Ina Fried
Asa Mathat

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.

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