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Wednesday, July 23, 2014

Apple sold 35 million iPhones in the past quarter

Apple’s financial results for the third quarter of its 2014 financial year - the three months until 28th June - show iPhone sales of 35.2 million devices worldwide, a 13% increase from the same quarter last year. However, iPad sales were down 9% year-on-year to just under 13.3 million units.

Overall, quarterly revenue reached $37.4 billion (£22 billion), which is a record figure for this April-June quarter. Quarterly net profit was $7.7 billion (£4.5 billion).

Tim Cook, Apple’s CEO, said “Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS [earnings per share] growth rate in seven quarters. We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce.”

[Apple earnings webcast]

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Author: The Fonecast
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