iPhone Sales up 58% in Apple’s Latest Results

[Maura]

GamesIndustry International reports on Apple’s latest financial results, which were published yesterday evening by Apple, with the company posting revenue of $36 billion, and net profit of $8.2 billion for the quarter ending September 29. This is up from $28.3 billion revenue and $6.6 billion net profit in the year-ago quarter. As GamesIndustry notes, Wall Street had a mixed reaction to the results, as although Apple exceeded revenue forecasts, it fell short of profit forecasts, possibly due to lower iPad sales than expected. Even so, iPhone sales were up by 58% on the year-ago quarter, with 26.9 million sold, and iPads were still up 26% on the year-ago quarter, with 14.0 million sold. During the earnings call last night, Tim Cook addressed talk of the iPad mini cannibalising iPad or iPod touch sales, saying, “We’ve learned not to worry about cannibalizing of our products; it’s far better for us to do that than someone else.”

Source: Apple reports record Q4 results, as iPhone sales jump 58% | GamesIndustry International