Apple has announced financial results for the fourth quarter of its 2014 financial year, which ended on 27th September. Quarterly revenue was up 12% year-on-year to $42.1 billion (£26 billion), while net profit was up to $8.5 billion.
iPhone sales rose by 16% year-on-year (and 12% on the previous quarter) to almost 39.3 million units, although iPad sales fell by 13% from Q4 2013 to 12.3 million units.
Tim Cook, Apple’s CEO, 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 innovations 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.”