Apple just made $11.1 billion in profit thanks to iPhone sales and growth in China
Apple just beat all expectations for its fourth quarter, which ended in September, coming in with $11.1 billion in profit on $51.5 billion in revenue. The iPhone continues to be the company’s moneymaker, with 48.05 million devices sold, up from 39.27 million in the same quarter a year ago. The company made $32.21 billion in revenue from iPhone sales alone.
“Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28 percent to nearly $234 billion,“ Apple CEO Tim Cook said in the earnings press statement. ”This continued success is the result of our commitment to making the best, most innovative products on earth, and it’s a testament to the tremendous execution by our teams. We are heading into the holidays with our strongest product lineup yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded lineup of cases and bands, the new iPad Pro, and the all-new Apple TV, which begins shipping this week.”