Wednesday, October 28, 2015

Demand for iPhone Drives Apple Profit, but Outlook Is Muted - The New York Times

See the Apple press release for details

"Over all, Apple posted a profit of $11.1 billion for its fiscal fourth quarter, up 31 percent from a year ago. Revenue was $51.5 billion, up 22 percent from last year. The results exceeded Wall Street estimates.

Yet while the performance was bolstered by sales of the iPhone — Apple said that it sold 48 million iPhones in the quarter, up from 39 million in the same period last year — the company was more cautious about sales for the key holiday sales period."
Demand for iPhone Drives Apple Profit, but Outlook Is Muted - The New York Times
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