Apple is sizzling hot with the successful launching of its vaunted products. The technology giant is basking on its record-smashing launching of its flagship phones iPhone 6 and iPhone 6 Plus. The company has so far amassed a jaw-dropping net profit of $8.5B in the last quarter of this year. This is projected to increase further as the festive season is drawing near.
That number is $1B better than the net profit the company had registered in the same period in 2013. The company’s revenue also increased to five billion dollars.
Apple chief executive Tim Cook announced “Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus.” Cook added, “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 line-up ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015.”
Apple is poised to have a solid performance in the coming months as its marquee products were just launched one after the other several days ago.
Apple has made enhancements on all of its products for the past few months, as well as barging into the wearable technology segment for the first time with the unveiling and release of the Apple Watch, in the coming months, probably on the first quarter of 2015.
Last September, Apple leveled the battlefield and eventually turns the favor on their part with the release of the new iPhone 6 and iPhone 6 Plus. For the first time Apple come up with smartphones with big screen display and sold over 10 million handsets in the span of only three days smashing the previous record by more than a million.
Apple disclosed that it had sold nearly 40 million iPhones. The iPads on the other end sold only 12 million units and registered a 13% drop, but the Cupertino-based company is expected to perform well in the tablet market segment in the coming months with the launching of the iPad Air 2 and iPad mini 3. The pre-orders of the tablets have just begun a week ago.
The iPad sales slump can be attributed from stiff competition from its rivals like Samsung, Microsoft and Google who are also tough to contend with their equally great offerings.
The Apples disclosure of the figures aided the company’s shares rise to 1% in after-hours trading. The results emerged on the same day Apple has launched its new mobile payment system, Apple Pay.