Strong iPhone, iPad and Mac sales fuel Apple's $49 billion revenue with $10.7 billion in profit

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.

Strong iPhone 6 sales power Apple's earnings with a net profit of $13.6 billion

Stronger than expected iPhone sales have bolstered Apple's strong second quarter earnings. The company announced earnings of $13.6 billion, or $2.33 per share, in its second quarter, up by 33 percent from the same time last year. Apple's revenue rose to $58 billion, compared with $45.6 billion a year ago.

The growth was fueled by record second quarter sales of iPhone and Mac and all-time record performance of the App Store. Apple sold 61.6 million iPhones for the quarter. Introduced last year, the iPhone 6 and iPhone 6 Plus have been the biggest departures to apple's smartphone line.

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Apple posts $7.5 billion net profit, sells 33.8 million iPhones, 14.1 million iPads and 4.6 million Macs

By Gadjo Cardenas Sevilla

Apple held its quarterly earnings call today to disclose financial results for fiscal 2013 fourth quarter ended September 28, 2013. Apple, which recently introduced new iPhones as well as iPads, had a quarterly revenue of $37.5 billion and quarterly net profit of $7.5 billion, or $8.26 per diluted share. These results compare to revenue of $36 billion and net profit of $8.2 billion, or $8.67 per diluted share, in the year-ago quarter. Which was expected.

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Apple's earnings slowing for iPads and Macs, iPhone is still tops

Apple sold 31.2 million iPhones in the past quarter, blowing past expectations and maintaining its leadership position for smartphones in a number of markets. The Company posted quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share. These results compare to revenue of $35 billion and net profit of $8.8 billion, or $9.32 per diluted share, in the year-ago quarter.

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