Revenue from iPads fell for the seventh quarter in a row, by 20 percent in the latest three months.
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The company sold 48 million iPhones worldwide in the fourth quarter, a 22 per cent increase on sales in the same quarter in 2014.
And Apple ended the quarter with a stunning $206 billion in cash.
On the company’s earnings call Tuesday afternoon, Cook was asked if he saw any slow down in China.
What’s different this time is Apple is in part to blame for doubts about its growth trajectory. Global sales contributed for 57.8% of the company’s revenue, an increase from 53.12% in the corresponding quarter past year although a decrease from 60% last quarter.
Meanwhile, Apple’s profits grew 30.6% over past year. But analysts have questioned whether the company could duplicate that success. Much of this is expected stem from high demand for Apple’s newest models, the iPhone 6s and 6s Plus.
Stay tuned for additional details as they become available.
Both the company’s top and bottom line surpassed analysts forecast.
Looking forward, one of the most interesting things to watch will be how Apple’s iPhone sales fare going into 2016.
The forecast for the traditionally strong fiscal first quarter – which includes Christmas – is revenue between $75.5 billion and $77.5 billion and operating income between $6.3 billion and $6.4 billion.
For all of fiscal 2015, Apple reported total sales of $233.7 billion. But Piper Jaffray’s Gene Munster said in an email: “We view this as a relief, given investors were bracing” for lower iPhone sales. The figures beat out analysts’ projections of a $51.1 billion profit, marking the 12th straight quarter in which Apple beat earnings’ estimates. Apple is planning to open 40 apple stores in China by next year.
“Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28% to almost $234 billion”, said Cook. Cook, who visited China last week, has said the world’s most populous country will eventually be Apple’s biggest market.
Other Apple devices did well.
Smartphone sales have helped the company offset falling sales of its iPad tablet.
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Apple still won’t say how many smartwatches it has sold since introducing the new product last spring.
