Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday January 28, 2015

Apple Announces Record iPhone Sales Over Holiday

Even with iPad sales falling, Apple managed to set records this holiday season thanks to strong iPhone sales in the US, Europe, and China.

Apple shares rose as much as 6.7 percent in extended trading Tuesday after the company reported that sales of iPhones during the quarter ended Dec. 27 rose 46 percent to 74.5 million units, topping analysts’ average estimate of 64.9 million. The sales helped push Apple’s fiscal first-quarter profit to a record $18 billion, or $3.06 a share, on sales of $74.6 billion. Analysts had predicted profit of $2.60 a share, and revenue of $67.5 billion.