World's richest company rakes in $8bn in profits as it sells 27 million iPhones
Apple has reported record profits and revenue for its fourth quarter after shifting just under 27 million iPhones in the last three months.
Quarterly revenue reached $36 billion, with a quarterly net profit hitting a hugely impressive $8.2 billion.
This means that revenue has risen by almost $8 billion compared to the same quarter last year, with revenue also up $2 billion.
Apple stated that internatinal sales accounted for 60 per cent of the revenue made in the last three months.
As well as selling 26.9 million iPhones, a 58 per cent growth on unit sales from last year, the company also sold 14 million iPads and 4.9 million Macs.
Sales of iPods however fell by 19 per cent compared to the same quarter last year to 5.3 million.
“We’re very proud to end a fantastic fiscal year with record September quarter results,” said Apple CEO Tim Cook.
“We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.”
Apple CFO Peter Oppenheimer added: “We’re pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012.
“Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75.”