iPhone Sales Fall, CEO Explains Why That Might Be

Tech giant Apple reported earnings for its fiscal second quarter ended April 1 today, showing increases in revenue and profit, though iPhone sales dropped (a little).

For the quarter, Apple hauled $52.9 billion in revenue, compared to $50.6 billion during the same period last year. Profit was $11.03 billion, which is up from $10.5 billion last year.

Apple sold 50.76 million iPhones during the three-month period, which is down from 51.19 million for the same period last year. iPad sales amounted to 8.9 million units, down from 10.2 million last year. Mac sales grew slightly, rising from 4.03 million to 4.19 million for the period.

Speaking about the lower iPhone sales, Apple CEO Tim Cook told CNBC, "We are seeing a kind of delay in purchasing behavior that we think is a consequence of the number of rumors and reports about future products.

"That is happening. However, if you look at iPhone outside of greater China, iPhone units grew very nicely," he added. "We had more upgraders in the first half than ever before. And we had more switchers than ever before. There is a lot of good news in there."

You can read Apple's full earnings report here.