NEW YORK: Apple Inc. recorded huge profits in fourth quarter as net profit rose 12.7% to $8.5 billion for the three months ended Sept. 27. Revenue surged 12.4% to $42.1 billion.
For its full year, Apple reported revenue of $182.8 billion, up 7% from fiscal 2013. Profit totaled $39.5 billion, compared with year-earlier profit of $37 billion. Chief Executive Tim Cook said in a statement that the company’s fiscal 2014 was “one for the record books.”
The company sold 39.3 million iPhones during its fourth quarter, a 16% year-over-year increase. Apple began shipping the iPhone 6 and 6 Plus on Sept. 19.
More surprising were the Mac’s blowout sales, which rose 21% to 5.5 million computers sold; that’s particularly impressive given the softness in the personal computer category as a whole. But other Apple categories struggled. For the third quarter in a row, sales of iPads fell. Apple reported that it sold 12.3 million iPads during the quarter, down 13% from a year earlier.
