Apple Posts Record iPhone Sales As iPad Sales Drop, But Still…Holy Smokes

Yesterday after market close, Apple reported earnings for the fourth quarter of the company’s fiscal year which ended September 27. Boosted by record iPhone sales, Apple beat analysts’ estimates with net profit of $8.47 billion on revenue of $42.12 billion.

Having launched the iPhone 6 and 6 Plus late in September, Apple sold 39 million iPhones in the past quarter, improving 16% over last year’s September quarter. According to CEO Tim Cook, demand for the new iPhones continues to exceed supply by a wide margin. The iPhone is Apple’s most important business by far, accounting for 56% of the company’s revenue over the past three months.

Meanwhile the iPad, previously Apple’s second largest source of revenue, continued its recent sales slump and fell behind Apple’s Mac business in terms of revenue. While iPad sales were down 13% year-over-year to 12.3 million, Mac sales improved 21% as Apple sold more Macs than ever before in a single quarter (5.5 million).

Infographic: Apple Posts Record iPhone Sales as iPad Sales Slump | Statista

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