Apple: iPhone Sales for Q4 Up 26 Percent

Apple claims that its iPhone sales has grown 26 percent in its fourth quarter, thanks to two new iPhones. As part of its fourth-quarter earnings report for the period ended September 28, Apple saw iPhone saw sales jump by 26 percent.

Apple said it sold 33.8 million units during the quarter, although it didn't provide a specific model breakdown. Apple claims that these numbers represent a new September quarter record for the popular device. Apple's tablet business, didn't fare as well; the company said that its iPad sold 14.1 million units, falling short of the 14.5 million units expected. Still, that number is up slightly over 14 million sold during the same period last year.

Apple reported quarterly revenue of $37.5 billion, up from $36 billion in the same period a year ago. The company reported quarterly net profit of $7.5 billion, down from $8.2 billion. The company's gross margin for the quarter was 37 percent, compared to 40 percent in the same period a year-ago.

"We're pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones," said Tim Cook, Apple's CEO. "We're excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS."

Source: GII

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