Apple reports $7.5 billion profit in Q4 financial results

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Apple dropped their fourth quarter results yesterday, reporting a 26% increase in iPhone sales which apparently set a new record for the company over the September period. However there was a drop in net profit even though Apple’s revenues were up compared to last year.

Cupertino said that the company posted a quarterly revenue of $37.5 billion, with a resulting net profit of $7.5 billion. Apple’s figures a year ago were a quarterly revenue of $36 billion with a net profit of $8.2 billion.

Apple also detailed their sales figures for the quarter, saying that the company shifted 33.8 million iPhones over the period compared to 26.9 million year-on-year. iPad sales for the quarter totalled 14.1 million units and the company also sold 4.6 million Macs in Q4. Apple’s iPad sales are slightly up from last year while Macs are down by some 300,000 units from 2012’s figures.

Apple CEO Tim Cook said in a statement “We’re pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones. We’re excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS.”

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