iPhones dial in larger Apple profit in fourth quarter

Agam Shah
21 October, 2014
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Apple fourth quarter, results, macworld australiaApple’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 US$8.5 billion during the quarter, up from US$7.5 billion in the same quarter one year ago, the company said overnight.

Revenue was US$42.1 billion for the quarter ending on 27 September, growing from US$37.5 billion in the same quarter last year. Analysts polled by Thomson Reuters expected revenue of US$39.88 billion for the quarter.

iPhone shipments were 39.27 million units in the fourth quarter, increasing from 33.8 million units in same quarter last year. iPad shipments 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 year-ago quarter.

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 iPad 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 ship early next year.

The Mac business is also seeing a revival of sorts. Apple last week started shipping the 27in iMac with Retina 5K display, which can show images at a 5120 x 2880 pixel resolution, and also slashed the starting price of Mac mini to $619.

Apple issued of dividend of US$0.47 per share. The company is projecting revenue of between US$63.5 billion and US$66.5 billion for the first fiscal quarter of 2015.

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