Apple Reports Better-Than-Expected Profits
Published at | Updated at
Photo by Justin Sullivan/Getty Images(NEW YORK) — Apple reported better-than-expected profits in the fourth quarter of the 2014 fiscal year.
Declaring a cash dividend of 47 cents per share, Apple announced Monday that it had posted a quarterly net profit of $8.5 billion. That’s on the heels of the incredibly successful release of the iPhone 6 and iPhone 6+.
The company announced that it had sold 39.27 million iPhones in the last three months, even higher than the 33.79 million sold in the same timeframe last year. While iPad sales were down slightly — 12.3 million sold in the fourth quarter, compared to 14 million in that span last year — the company believes that is in part because people are more quick to replace their phones than their iPads.
Mac computer sales were also up compared to last year, as Apple announced 5.5 million sold, one million more than last year.
Follow @ABCNewsRadio
Copyright 2014 ABC News Radio