Apple registers strong Q4 results

Apple posted better-than-expected results for the fiscal fourth quarter of 2014, which ended on 28 September, with revenues at $42.14 billion and earnings per share at $1.42.

Apple posted better-than-expected results for the fiscal fourth quarter of 2014, which ended on 28 September, with revenues at $42.14 billion and earnings per share at $1.42.

Wall Street analysts expected the company to record revenues of $39.8 billion and earnings per share of $1.31. Apple revealed that international sales accounted for 60 per cent of revenues for the quarter.

Despite the strong showing, the company saw iPad sales drop to 12.1 million for the quarter. The figure was also 6.8 per cent lower than analysts’ forecasts of 13.1 million sales.

However, Tim Cook, Chief Executive Officer of Apple, shrugged off the weak iPad sales and focused instead on the strong sales of Macintosh computers and iPhones.

Cook even called the launch of the iPhone 6 and iPhone 6 Plus the company’s largest ever.

“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,” said Cook.

“We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015.”

For the quarter, Apple sold 39.3 million iPhones, beating analysts’ forecasts of 37.8 million units.

The iPhone 6 and iPhone 6 Plus were on sale for just nine days during the quarter under review. Apple said it sold more than ten million units of the new smartphones during the first weekend they were made available.

Meanwhile, sales of Macintosh computers also came in higher than expected at 5.5 million compared to the projected 4.85 million. Cook noted that Mac now has its biggest market share since 1995.

Risk Warning:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Leave a Comment

5 × 5 =