Apple registers strong Q4 results

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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.

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