The results should keep investors busy until Apple holds its quarterly conference call where it might drop a hint about its new product plans. Apple appears to have done well in the three months ending in June with net income of $7.75B, + 12.3% vs the period last year, on revenues of $37.43B, +6%. The top line was a tad shy of the $37.99B that analysts expected. But earnings at $1.28 a share beat forecasts for $1.23.
The company sold 35.2M iPhones in the quarter, +12.7% from last year. BGC analyst Colin Gillis anticipated just 31.8M. But iPads were down 9.2% to 13.3M. The number of Mac sales increased 17.6% to 4.4M. iPod sales fell nearly 36% to 2.9M.
“Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters,” CEO Tim Cooks says. “We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce.”
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