iPhone, Mac, app sales drive record September quarter for Apple
| 21 October 2014
Apple has provided the perfect riposte for the growing number of analysts regarding the company's stock as overpriced with fourth quarter results showing record revenue and earnings.
ipHoneFor the three months ended 27 September 2014, Apple posted quarterly revenue of $42.1 billion and quarterly net profit of $8.5 billion, up $4.6 billion and $1 billion compared with the same quarter of 2013. The company displayed EPS growth of 20% and a record $13.3 billion in cash flow from operations in the September quarter. Non-US sales accounted for 60% of the quarter's revenue. Apple is providing guidance for its fiscal 2015 first quarter of revenue between $63.5 billion and $66.5 billion.
"Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus," commented Tim Cook, Apple's CEO. "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 line-up ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015."