Apple reported a strong finish to its fiscal year, with revenues up 12 percent year-on-year in the September quarter to USD 52.58 billion, ahead of the company's guidance. Net profit increased 24 percent to USD 2.07 per share.
iPhone sales continued to grow, helped by the release of the iPhone 8 at the end of the quarter and price cuts on older models of the smartphone. Shipments were up 3 percent year-on-year and 14 percent from the previous quarter to 46.677 million units, and revenues rose 2 percent from the same quarter a year ago to USD 28.85 billion.
iPad sales were also up from a year ago, but down compared to Q3, at shipments of 10.33 million units and revenues of USD 4.83 billion. Mac sales showed double-digit growth, with shipments up 10 percent year-on-year to 5.39 million and revenues growing 25 percent annually to USD 7.17 billion. Services revenues jumped 34 percent year-on-year to another record of USD 8.50 billion.
CEO Tim Cook said the company expects a strong end to the calendar year, thanks to the new products announced in September. The company forecast revenues of USD 84-87 billion for the fiscal first quarter to December.
