iPhone, iPad sales remain strong

Newsbrief: Sales of Apple's popular iPhone smartphone during the three months ending June 30 came in higher than the same period last year, but below Wall Street expectations. The 26 million units sold was 28 percent more than in the same quarter in 2011, though about a million less than analysts had anticipated. The company saw a record 17 million third-quarter iPad sales, up 84 percent from the same period last year. Macintosh computers are essentially flat at 4 million sold, while iPod sales continue to decline. Shares for the company fell sharply in after-hours trading, as the company's revenues and income were also below analyst consensus.