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Apple closes ‘most successful year ever’ with record iPhone sales

  • Apple said surging iPhone sales helped propel a sharp rise in
    quarterly profits, as the tech giant delivered a record 48 million of the
    smartphones,
    Agence France-Presse
    reported.
  •  
  • Profits rose 31 percent to $11.1 billion, while revenues jumped 22
    • Apple said surging iPhone sales helped propel a sharp rise in
      quarterly profits, as the tech giant delivered a record 48 million of the
      smartphones,
      Agence France-Presse
      reported.
    •  
    • Profits rose 31 percent to $11.1 billion, while revenues jumped 22
      percent from a year ago to $51.5 billion, Apple said.
    •  
    • The California tech giant, which in September unveiled revamped
      versions of the iPhone, said the number of units sold jumped 22 percent from
      last year while revenues lifted 36 percent.
    •  
    • Chief Executive Tim Cook said Apple closed the books on its fiscal
      year, calling it “Apple’s most successful year ever,” following
      strong iPhone sales and a range of new or upgraded devices.
    •  
    • “We are heading into the holidays with our strongest product
      lineup yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an
      expanded lineup of cases and bands, the new iPad Pro and the all-new Apple TV,
      which begins shipping this week,” Cook said in a statement.
    •  
    • For the full fiscal year ending in September, Apple booked a
      whopping $53.4 billion profit, up 35 percent, while revenues rose 28 percent to
      $233.7 billion.
    •  
    • Cook said the fiscal year showed “our largest absolute revenue
      growth ever” and was helped by “huge inroads into emerging markets
      generating over $79 billion of revenue and growing 63 percent despite very
      strong headwinds from foreign exchange.”
    •  
    • The iPhone was the key driver for Apple, bringing in more than 60
      percent of its revenues for the past quarter. But iPad unit sales fell 20
      percent in the quarter to 9.9 million units.
    •  
    • For its traditional computers, Apple sold an all-time record 5.7
      million Macs in the quarter.
    •  
    • Apple is making efforts to diversify with services such as its
      streaming music service and Apple Pay, and its new streaming television
      devices.
    •  
    • “The reach of our ecosystem continues to grow, and iOS is
      changing more and more aspects of our customers lives in very meaningful ways
      from their health to their homes to their cars,” Cook said on the earnings
      call.

     

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