In another sign of the economy's effect on the personal computer market, Apple this afternoon reported a 3 percent decline in Mac unit sales for its recently completed quarter. However, Apple overall trumped Wall Street's estimates, thanks in part to rising iPhone sales. The company posted revenue of $8.16 billion and earnings per share of $1.33 -- well above analysts' expectations.
The 3 percent decline in Mac sales compares with a 7 percent decline in the worldwide PC market for the quarter, according to data released by the IDC research firm last week.
The overall trend is expected to factor significantly into Microsoft's quarterly earnings Thursday afternoon. The Redmond company relies heavily on sales of Windows preinstalled on computers.
Apple's portable devices came through for the company. Unit sales of iPods were 11.01 million in the quarter, a 3 percent increase over the same period last year. Sales of the iPhone were 3.79 million units -- a 123 percent increase over the same quarter last year.
Follow-up: Apple disses 'junky' netbooks, cites its own 'interesting ideas'
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