Staggering iPhone 6 sales boosts Apple’s December quarter profit results
Blockbuster sales of Apple’s recently released iPhone iteration – iPhone 6 and iPhone Plus – has boosted Cupertino’s profit figures for the December quarter.
Apple on Tuesday reported that it has earned a record revenue of 74.6 billion dollars (£49.4bn) and net profit of 18 billion dollars (£11.9bn) for the quarter ending on December 27, 2014 as compared to revenue of 57.6 billion dollars (£38.1bn) and net profit of 13.1 billion dollars (£8.6bn) earned during the same three-month period in 2013.
Company chief executive Tim Cook said “We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high. Our revenue grew 30% over last year to 74.6 billion dollars, and the execution by our teams to achieve these results was simply phenomenal.”
The Cupertino revealed that it sold 74.5 million iPhones during the December ending quarter beating most analysts’ expectations.
“Demand for iPhone has been staggering, shattering our expectation,” Cook added.
“We sold about 34,000 iPhones every hour, 24/7 for the entire quarter.”
Mac sales for the quarter grew about 15 percent to a record 5.5 million and iTunes sales also went on to hit a record high, however, iPad sales continued to drop, falling 18 percent to 21.4 million.
Cook also confirmed the company’s plan for Apple Watch was on track.
‘Development for Apple watch is right on Schedule, and we intend to begin shipping in April,’ he said.
‘We can’t wait for customers to experience it.
‘My expectations are very high, I use it every day, love it and can’t live without it.’
Pricing details on the Apple Watch remain unknown beyond $349 for the basic model.
Shares of Apple rose near about five per cent to US$115 in after-market trades following release of the earnings figures.