Apple's quarterly sales and earnings fell short of expectations

iPad revenue: $9.4 billion, up from $7.25 billion a year ago.Wearables and accessories revenue: $13.48 billion, down from $14.7 billion a year ago.

On a conference call with analysts, CEO Tim Cook blamed the lower revenue on three factors: The impact of foreign exchange rates; a challenging economy; and COVID-19-related shutdowns at factories in China that limited production of the iPhone 14 Pro and iPhone 14 Pro Max.

They'll make up for it by charging MORE for the iPhone 15s this year.

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