Apple released its Q3 2013 earnings report, announcing 31 million iPhones sold in the three-month period ending June, along with 14.6 million iPad units sold. Both the iPhone and iPad sales are down from the previous quarter, but this marks the first time the iPad has seen a yearly decline in sales, a 14 percent decrease YOY. Analysts expected Apple to sell 27 million iPhones, 18 million iPads, 3.85 million Macs, and 4.9 million iPods this quarter. Last quarter, Apple showed a slight drop in sales from the previous record-breaking quarter with 37.4 million iPhones and 19.5 million iPads sold. This quarter’s 31 million iPhones represent a quarterly loss of 21 percent, while still being up 20 from the same quarter last year. However, the iPad is down 25 percent sequentially and is down 14 percent from last year.