Strong iPhone sales shoot Apple's Q4 revenue up to $42.1bn
Strong iPhone and Mac sales helped Apple’s fourth quarter revenue jump to $42.1bn from $37.4bn for the same period a year ago, latest figures show.
Figures: Strong iPhone sales helped boost Apple's Q4 revenue
iPhone sales increased from $19.5bn to $23.6bn and Mac revenue was up from $5.6bn to $6.6bn compared to Q4 2014. However, figures showed iPad sales revenue dropped from $6.1bn to $5.3bn year-on-year, and iPod sales were also down from $573m to $410m. Sales from iTunes and software services increased from $4.2bn to $4.6bn.
The company also reported quarterly net profit of $8.5bn, an increase of $1bn on the same period last share. Share price was up from $1.18 per diluted share to $1.42.
Apple CEO Tim Cook said: “Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus.
“With amazing inovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple’s strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015.”
The majority of revenue came from the Americas ($16.2bn), followed by Europe ($9.5bn), China ($5.7bn), Japan ($3.5bn) and the rest of Asia Pacific ($1.9bn).