for the most valuable company in america to disappoint investors. still, analysts are putting a positive twist on the miss. they say consumers are simply holding back on buying iphones now in order to wait for the next generation. no one expects the next iphone, which we re calling the iphone 5, to be the same as the iphone 4 and iphone 4s, at least in the way it looks on the outside. reporter: as a result, only 26 million iphones were sold in q-3. many on wall street were hoping for 29 million units. nevertheless, ipad sales were strong, with consumers snatching up 17 million of the tablets compared to the 16 million anticipated. we still don t know when iphone 5 will hit the stores, but this fall is when it s widely expected. and with a wide variety of android phones nibbling at apple s market share, hopes are high for something innovative. apple needs it to be dominant. it needs to basically. this fall, to raise the bar in the smart phone space. if the iphone 5 doesn
5 will hit the stores, but this fall is when it s widely expected. and with a wide variety of android phones nibbling at apple s market share, hopes are high for something innovative. apple needs it to be dominant. it needs to basically. this fall, to raise the bar in the smart phone space. if the iphone 5 doesn t do that, i think apple will have a problem. reporter: if you re wondering about tomorrow and how apple s stock will fare, consider this apple s two best trading days this year came on the days after it released first and second quarter earnings. of course, those we re both blowout quarters. suzanne pratt, nbr, new york. tom: still ahead, our week- long series about online security continues with the cyber-attack threat to businesses and national security. nightly business report is brought to you by: captioning sponsored by wpbt tom: earnings worries, weak economic data, and european anxieties all weighed on the major indices. in europe, greece may need t
estimates. revenue of $35 billion was also below expectations by more than $2 billion. suzanne pratt takes a look behind the numbers. reporter: yes, it is possible for the most valuable company in america to disappoint investors. still, analysts are putting a positive twist on the miss. they say consumers are simply holding back on buying iphones now in order to wait for the next generation. no one expects the next iphone, which we re calling the iphone 5, to be the same as the iphone 4 and iphone 4s, at least in the way it looks on the outside. reporter: as a result, only 26 million iphones were sold in q-3. many on wall street were hoping for 29 million units. nevertheless, ipad sales were strong, with consumers snatching up 17 million of the tablets compared to the 16 million anticipated. we still don t know when iphone 5 will hit the stores, but this fall is when it s widely expected. and with a wide variety of android phones nibbling at apple s market share, hopes