Apple’s net income rose to $11.12 billion, or $1.96 per share, in the quarter ended Sept 26 from $8.47 billion, or $1.42 per share, a year earlier.
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Gross margin came in at 39.9 percent up from 38 percent for the same quarter previous year with worldwide sales accounting for 62 percent of the revenue for the period.
The company also saw record numbers of Mac sales-5.71 million, to be exact. iPhone sales in in total increased 36 percent year over year to 48 million units, and services revenue rose to $5 billion, a 10 percent increase.
Apple Inc. recorded strong and impressive fiscal fourth quarter earnings and sales after closing the books for the period on Tuesday.
Oh, and we still don’t know how many Apple Watches were sold in this quarter.
Based on an analysis by Morningstar’s Brian Colello, the estimates was moderately below market projections, but industry players were anticipating a bleak result which was why AAPL initially climbed 3 percent during extended sessions.
Crucially, sales in China, which is Apple’s second-largest market behind North America, grew 99 percent – even as the economy continued to face struggles there. The iPad remains a sore point on the company’s portfolio, though, as it continues to decline in sales.
He also said he was confident that Apple was heading into the traditionally bust holiday period with what he described as “our strongest product line-up yet”, including the new Apple TV which begins shipping this week.
The company said it expects sales in the Christmas quarter would be up just a smidgen on past year at around US$75.5bn to US$77.5bn.
Analyst Shannon Cross of Cross Research said the guidance for the current quarter of Apple suggested a year ago, the business can top its success. Mac sales increased to 5.7 million from 5.5 million, while the iPad continued to struggle, with volumes sinking to 9.9 million from 12.3 million.
The company, which launched its new iPhone 6s and 6s Plus models in September, sold 48million iPhones worldwide, setting a new fourth quarter record.
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Tim cook added, “Apple Watch has already had a tremendous effect on customer health and fitness and the stories we’re hearing about its impact are truly inspirational”.
