Monday, October 20, 2014

Apple's fourth quarter beats Street expectations; 39.3 million iPhones sold

Apple has released its earnings numbers for the fiscal fourth quarter. The company beat expectations by netting $8.5 billion for the three month period. That worked out to $1.42 a share, beating Wall Street expectations of $1.31. At $42.1 billion, revenue topped Wall Street's expectations as well as Apple's forecast. Gross margins of 38% were inside forecasts of 37% to 40%.



Apple sold 39.3 million iPhones during the period, which was up 16% from the 33.8 million units sold in last year's fiscal fourth quarter. The company continues to see slumping iPad sales. Apple's tablet sold 12.3 million ...



from PhoneArena - News http://ift.tt/1uvsLkc

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