Apple reports record quarterly sales - but still disappoints Wall Street


Apple reports record quarterly sales - but still disappoints Wall Street

Karl Flinders

Apple has reported its highest ever sales figure in a quarter as the pre-Christmas period drove significant increases in iPhone and iPad sales.

The computing giant made sales of $54.5bn and a profit of $13.1bn in the three-month period that ended on 29 December.

Sales of iPhones leaped to 47.8 million compared to 37 million in the same period a year earlier. Apple sold 22.9 million iPads compared to 15.4 million a year ago.

On average Apple made sales worth $4.2bn every week in the quarter. This compared to $3.3bn per week in the same quarter a year ago.

Apple CEO Tim Cook said: “We’re thrilled with record revenue of over $54bn and sales of over 75 million iOS devices in a single quarter,” he said. “We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.”

However, Apple's share price fell after the announcement, due to Wall Street expectations that the record results should have been even higher.

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy