Shares plummeted after hours with investors apparently unhappy with the results, despite strong third-quarter iPhone sales

Apple beat analysts’ expectations for its second quarter on Tuesday but its shares dived in after-hours stock trading, as investors seemed disappointed by the results and a lack of fireworks over Apple Watch sales figures, which the company was not expected to break out (and didn’t).

If there’s one thing Apple told investors clearly, it’s that the iPhone is still the cornerstone to the success of the Apple Empire. And the watch? Unknown. The company gave no solid sales figures although chief executive Tim Cook suggested it was already a $1bn business and told analysts the possibilities for the watch were “enormous”.