Apple Posts Record iPhone Sales as iPad Sales Slump

October 21st, 2014
in News, econ_news, syndication

by Felix Richter,

Yesterday after market close, Apple reported earnings for the fourth quarter of the company’s fiscal year which ended September 27.

Follow up:

Boosted by record iPhone sales, Apple beat analysts’ estimates with net profit of $8.47 billion on revenue of $42.12 billion.

Having launched the iPhone 6 and 6 Plus late in September, Apple sold 39 million iPhones in the past quarter, improving 16% over last year’s September quarter. According to CEO Tim Cook, demand for the new iPhones continues to exceed supply by a wide margin. The iPhone is Apple’s most important business by far, accounting for 56% of the company’s revenue over the past three months.

Meanwhile the iPad, previously Apple’s second largest source of revenue, continued its recent sales slump and fell behind Apple’s Mac business in terms of revenue. While iPad sales were down 13% year-over-year to 12.3 million, Mac sales improved 21% as Apple sold more Macs than ever before in a single quarter (5.5 million).

This chart shows Apple's quarterly iPad and iPhone sales since the iPad's release in 2010.

Infographic: Apple Posts Record iPhone Sales as iPad Sales Slump | Statista
You will find more statistics at Statista


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