On Monday Apple announced its fourth-quarter earnings reports, which managed to beat most of the Wall Street analystsâ€™ estimates once again. The company has registered a net profit of $7.5 billion on sales of 33.8 million iPhones, 14.1 million iPads & 4.6 million Macs.
Apple has managed to sell a new record of 33.8 million iPhones, which is almost a 7 million increase over the 26.9 million iPhones Apple shipped in the year-ago quarter. iPad sales were almost identic, Apple selling 14.1 million iPads during the quarter, compared to 14 million in the year-ago quarter. This could be caused by the fact that the new iPads have been announced later than the iPhone 5s and the iPhone 5c.
The revenue this year was bigger than last year for Apple, $37.5 billion compared to $36 billion, but the reported net profits are smaller - $7.5 billion compared to $8.2 billion.
Apple Chief Executive Tim Cook said:
Apple Chief Financial Officer Peter Oppenheimer added:
For its fiscal 2014 first quarter, Apple predicts the revenue to be between $55 billion and $58 billion with operating expenses between $4.4 billion and $4.5 billion.