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Apple Earnings Up

Apple Earnings UpApple Earnings Up

Apple reported fourth-quarter earnings of $8.47b, a 13% rise from the same period a year earlier, beating analysts’ expectations. Profits at the technology giant were helped by sales of its new iPhone 6 models, which were on sale for 10 days during the three-month period to 30 September. Total iPhone sales hit 39.3 million. However, sales of Apple’s iPad disappointed, with 12.3 million sold, down from 13.1 million a year earlier. He added that he was optimistic for the crucial holiday quarter coming up. Apple shares rose over 2% in after-hours trading after the earnings were released.

Financialtribune.com