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Wednesday, November 19, 2014

 

IPhones dial in larger Apple profit in fourth quarter

By Jonathan Cheng

Apple’s iPad shipments declined, but strong iPhone 6 and 6 Plus sales buoyed the company’s profit in its fourth quarter for fiscal 2014. Apple’s net profit was US$8.5 billion during the quarter, up from $7.5 billion in the same quarter one year ago, the company said on Monday. Revenue was $42.1 billion for the quarter ending on Sept. 27, growing from $37.5 billion in the same quarter last year. Analysts polled by Thomson Reuters expected revenue of $39.88 billion for the quarter. IPhone shipments were 39.27 million units in the fourth quarter, increasing from 33.8 million units in same quarter last year. IPad shipments were 12.3 million, falling from 14.08 million units a year ago. Mac shipments totaled 5.5 million units, compared to 4.58 million units during the year-ago quarter.

http://www.pcworld.com/article/2836352/iphones-dial-in-larger-apple-profit-in-fourth-quarter.html