Apple sold 35 percent more smartphones last year

Apple's iPhone shipments for the fiscal third quarter and the company's revenue forecast for the current period missed analysts' projections, raising questions over whether demand for the device has peaked. Shares fell as much as 8.8 per centin extended trading.

Apple sold 47.5 million iPhones, a 35 percent gain, in the period that ended in June, the company said in a statement on Tuesday. Analysts had anticipated 48.8 million shipments. The company forecast revenue of 49 billion USD to 51 billion USD in its fiscal fourth quarter, which ends in September, short of the average estimate for 51.1 billion USD, according to the data compiled by Bloomberg. (Pogár Demeter, MTI)