Apple Stock News
The release of the iPhone 6s, couple with a decrease in price of its predecessor, has proved successful in the eyes of Apple, as it has increased sales by 38% on the same period last year, with an approximate 48million iPhones being sold.
The hi-tech giant has also reported revenue of $51.5bn (£33.6bn), up 22% compared with the same period last year. While net income had a more than healthy balance of $11.1bn for the period. The data has resulted in chief executive Tim Cook declaring this the “most successful year ever” for the company.
He went on to add that “Today we’re reporting a very strong finish to a record-breaking year, ” and continued; “We are heading into the holidays with our strongest product lineup yet”.
Apple, worth $657bn and is currently the worlds most valued company, can thank China for its record-breaking success. China is the biggest market for smartphones, and Apples sales nearly doubled from a year ago to $12.52bn.
For the current quarter, Apple estimates global sales of between $75.5bn and $77.5bn.
One sour note, however, for the company is that iPad sales have dropped for the seventh consecutive quarter meaning the sales were down 20% compared to the 2014 fourth quarter. While figures regarding the Apple Watch remained clandestine.
