Apple Q4 revenue up 12% supported by 21% growth in iPhones

Apple today said its Q4 2014 revenues grew 12 percent to $42.12 billion, supported by 21 percent sales and 16 percent shipment growth in iPhones.

The Cupertino, California-based Apple shipped 39,272K units of iPhones registering 16 percent growth in volume and 21 percent increase in revenue to $23.67 billion.

Apple said its iPad shipments dipped 13 percent to 12,316K units and 14 percent drop in revenue to $5.31 billion.

Mac posted 21 percent increase in Q4 shipments to 5520K, while revenue rose 18 percent to $6.62 billion.

Apple Q4 revenue details

Tim Cook, Apple’s CEO, said: “With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple’s strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015.”

The company posted quarterly net profit of $8.5 billion compared to net profit of $7.5 billion in the year-ago quarter.

International sales accounted for 60 percent of the quarter’s revenue.

Apple posted 17 percent revenue growth in Americas to $16.24 billion, 19 percent in Europe to $9.53 billion, 1 percent in China to $5.77 billion, 5 percent in Japan to $3.5 billion, while Rest of Asia Pacific revenue including India dipped 3 percent to $1.92 billion.

Apple is targeting the following for its fiscal 2015 first quarter: revenue between $63.5 billion and $66.5 billion and gross margin between 37.5 percent and 38.5 percent.

Baburajan K
editor@gizmolead.com

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