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 $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 27 September 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.
Shipments of iPhones were 39.27 million units in the fourth quarter, increasing from 33.8 million units in same quarter last year. Shipments of iPads 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 same quarter last year.
Apple sold more than 10 million iPhone 6 and iPhone 6 Plus smartphones in the first three days they shipped, from 19 September.
In tablets, Apple is losing ground to Android device makers Samsung, Lenovo and Asus. The iPad Air 2 and mini 3 tablets will ship later this week, though the devices are considered minor upgrades from predecessors introduced last year.
Apple is dipping its feet in wearables with the Apple Watch, which was introduced during the quarter and will be released early next year.
The Mac business is also seeing a revival of sorts. Apple last week started shipping the 27″ iMac with Retina 5K display, which can show images at a 5120×2880 pixel resolution, and also reduced the starting price of Mac mini.
Apple issued a dividend of $0.47 per share. The company is projecting revenue of between $63.5 billion and $66.5 billion for the first fiscal quarter of 2015.
IDG News Service
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