Apple saw strong sales from its mobile division with over 19 million iPads and over 37 million iPhone sold for the second quarter, but the firms shrinking margins have caused some investors to fret.
Despite meeting expectations many commentators fear that the lack of a ground-breaking product and slim margins could hurt Apple's long-term prospects.
"Despite producing results that net or beat guidance - as we have done consistently - we know they didn't meet everyone's expectations," said Apple chief executive Tim Cook during the call with investors.
The technology giant reported revenues of over $43bn for the quarter. Apple said iPad sales have grown over 65 percent year on year. The firm says iPhones sales increased by about two million from this time last year.
Macs sales were slightly down at a little under four million, a two percent drop in sales year-over-year.
According to Cook, Mac has been buffeted by the overall decline in PC sales, which have seen a considerable downturn in the wake of rampant tablet and smartphone sales.
However, Cook remained generally optimistic about the PC market. During his call with investors he said the sector was far from dying.
"I don't think this market is a dead market or a bad market by any means. I think it has a lot of life to it," continued Cook.
"We're going to continue to innovate in it. We believe that the huge growth in tablets may end up benefiting the Mac. It pushes people to think about the product they're buying in a different manner."
Apple beat Wall Street revenue expectation this quarter. On average, analysts expected the firm to bring in about $42bn for the quarter. However, following the earnings call investors company shares dipped slightly.
In after hours trading Apple shares fell to about $406. Much of the concern from investors comes from Apple's dip in margins and concerns that a market-disrupting device won't launch within the year.
Apple reported that its gross margins declined over 10 percent for the quarter. Analyst had expected the company's margins to fall but the significant drop was unexpected. Apple said that its margins were at about 37 percent for the quarter.
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