Menu
Apple shines in first full quarter under CEO Tim Cook

Apple shines in first full quarter under CEO Tim Cook

Apple's net profit more than doubled, as did sales of its iPhones and iPads

Apple more than doubled its profits last quarter thanks to brisk sales of its iPad and iPhones over the holiday season.

Apple made a profit of $13.06 billion for the quarter ended Dec. 31, the first in its fiscal year. That compared to $6 billion in the same quarter a year earlier, Apple announced Tuesday.

Its earnings per share were $13.87, blowing past the analyst estimate of $10.10 per share, according to Thomson Reuters. Revenue was $46 billion, compared to the analyst estimate of $39 billion.

"We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," Apple CEO Tim Cook said in a statement. Apple was reporting results for its first full quarter under Cook, who took over from Steve Jobs in late August.

Apple sold 37.04 million iPhones in the quarter, up 128 percent from the same quarter a year earlier. And it sold 15.43 million iPads, up 111 percent from a year earlier.

Mac sales totaled 5.2 million units, up 26 percent. Sales of its iPod continued to decline, however, by 21 percent to 15.4 million.

The fourth quarter is typically the strongest of the year for consumer electronics vendors. During the quarter, Apple shipped the iPhone 4S, which included a new dual-core A5 processor and a better camera, among other things. While the launch has gone smoothly in most places, Apple abruptly canceled sales of the smartphone at one of its Beijing stores earlier this month, which resulted in disappointed customers throwing eggs at the building.


Follow Us

Join the newsletter!

Error: Please check your email address.

Featured

Slideshows

Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
Show Comments