Apple Continues to Grow Posts Record Results for Quarter

10/30/2014 9:55:24 AM

(MENAFN- Qatar News Agency) Los Angeles October 21 (QNA) - Computer giant Apple reported a net income of 8.5 billion dollars or 1.42 dollar per share in the fourth quarter up 12.7% from 7.5 billion dollars a year earlier the Cupertino California-based company said Monday.

Revenue rose by 12.4% to 42.1 billion dollars the company said citing record iPhone sales.

"Our fiscal 2014 was one for the record books including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus" Apple's chief executive Tim Cook said.

The company sold about 39.3 million iPhones in the quarter including the new iPhone 6 and iPhone 6 Plus introduced in the beginning of September compared to 33.8 million iPhones sold a year earlier.

Computer sales rose from 4.57 million a year ago to 5.52 million. (QNA)

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