Apple has released its earnings report for the fourth quarter of its fiscal year ending September 26th, as well as its full fiscal year. For the full fiscal year, revenue grew 28 percent to $234 billion.
For the fourth quarter, revenue increased from $42.1 billion to $51.5 billion, while profits hit $11.1 billion. 48 million iPhone's were sold during the quarter, while iPad sales decreased 20 percent to 9.88 million units.
"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," said Apple CEO Tim Cook.
"We are heading into the holidays with our strongest product line-up yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded line-up of cases and bands, the new iPad Pro, and the all-new Apple TV which begins shipping this week."
Source:
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