Shares fell nine percent in after-hours trading as the company’s fourth-quarter earnings forecast fell below the expectations of Wall Street analysts.

Apple announced that for the period which ended on June 28, the company had earned $1.07 billion, or $1.19 a share, up from $818 million, or 92 cents a share. Revenue rose 38% to $7.46 billion from last year’s sales of $5.41 billion.

Chief Financial Officer Peter Oppenheimer talked about the state of US consumer spending, which has been a big factor in Apple’s sales.

The results are that Apple Mac sales have increased to almost 2.5 million units, a 41% jump as compared to a year ago.

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