
Moments ago, Apple reported record September earnings for its fourth fiscal quarter of 2014.
According to the details announced, earnings per share came in at $1.42 on revenue of $42.1 billion.
This easily blows out of the water the $1.31 earnings per share expected by analysts, who were also predicting earnings of $39.84 billion.
Net profit, Apple says, is $8.5 billion vs. $7.5 billion in the same quarter last year.
Noting that demand for the company's new iPhones was "off the charts," Apple confirms it sold 39.3 million iPhones during the quarter ending September 30th.
The biggest downer of the report was iPad. Pad sales for Q4 of 2014 came in at 12.3 million, down from 13.1 million in the same quarter of 2013. However, Apple believes the recent iPad refreshes announced less than one week ago will reinvigorate the product line's sales in the months to come.
"Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus," Apple CEO Tim Cook said in the formal announcement of earnings. "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."
Source: Apple
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