Strong iPhone, iPad and Mac sales fuel Apple's $49 billion revenue with $10.7 billion in profit
Tuesday, July 21, 2015 at 4:44PM 
Apple just announced their most recent earnings behind iPhone, iPad and Mac sales. The company earned a revenue of $49 billion and $10.7 billion in profit for its fiscal quarter ending June 27th. These results compare to revenue of $37.4 billion and net profit of $7.7 billion, or $1.28 per diluted share, in the year-ago quarter.
Breaking down its products but omitting Apple Watch sales figures, Apple attributes its steady success to the iPhone: 47 million units, the iPad and the Mac at 4.7 million units. Apple Watch, Apple TV and iPods collectively earned the company US $2.6 billion.
“We had an amazing quarter, with iPhone revenue up 59 percent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch,” said Tim Cook, Apple’s CEO. “The excitement for Apple Music has been incredible, and we’re looking forward to releasing iOS 9, OS X El Capitan and watchOS 2 to customers in the fall.”
Q3 earnings for Apple have been traditionally lower since it is the period leading up to a the yearly iPhone and iPad launches in the Fall as well as generally a quiet time for product and software launches.
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