Apple today has announced the earning reports of fourth quarter of 2014, crushing the predictions of analysts. The record selling iPhone 6 helped Cupertino giant to manage monstrous earnings of $42.1 billion, a jump of 12 percent from the same quarter a year ago.
On the other hand Apple collected the profit of $8.5 billion compare with $7.5 billion a year ago quarter.
The analysts were estimating earnings around $39.85 billion with $1.31 in earnings per share.
Apple’s recent launched iPhone flagship played pivotal role, which were claimed to be the best selling smartphone by tech giant than any other phone it released before. Apple reported it sold 39.3 million iPhones, selling includes 10 million of the new phones in just three days following shipment started.
Analysts had predicted iPhone sales around 37 million to 38 million whereas the revenue to be in between $37 billion to $40 billion.
The tech titan also disclosed the individual selling report of their products, from the iPhone to iPods, the main revenue generating sources.
Besides launching record setting iPhone Apple also released Retina Mac, iPad Mini 3 and iPad Air 2 during fourth quarter, the Cupertino giant also announced debutant smartwatch, named Apple Watch, in the same quarter as well as software updates, such as iOS 8 and OS X Yosemite in the same period.
The quarter report came on the same day Apple released its new mobile payment system, Apple Pay, allowing retailer to receive online payment for goods from their customers.
The revenue from Beats, officially acquired by Apple in mid-2014, were not included in the earnings report, Apple previously said to include the revenue of Beats from next year.
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