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Apple iPhone sales boost in BRICS countries, profit rose $7.75 billion in Q3 2014
TT Correspondent |  |  24 Jul 2014

Apple on Tuesday reported its financial results for fiscal 2014 third quarter. Apple’s quarterly revenue was $37.4 billion and a profit of $7.75 billion in the quarter that ended June 28, up from $6.9 billion in the quarter a year earlier.

iPhone sales rose close to 13 percent in terms of units sold year-on-year for Q3 2014. The company also said that the growth was helped by demand from Brazil, Russia, India, and China, which are the BRIC countries where iPhone sales rose 55%. The revenue from iPhone rose by 9%, according to Apple.

While on the other hand iPad is seeing a negative growth of 9% on units and negative growth of 8% on revenue, year-on-year.

Shares of Apple were down about half a percentage point in after-hour trading Tuesday evening.

Apple's senior vice-president and chief financial officer Luca Maestri said the strong growth of iPads in developing markets "was more than offset by lower sales in more mature markets."

The strong sales of iPads in the BRIC countries is in contrast to poor sales in developed markets as CEO Cook too pointed out.

Even for the premium Mac computers, India figured amongst Apple's top markets due to strong performance of MacBook Air.

To raise the confidence of its potential buyers, Cook said Tuesday that he was "incredibly excited" about new operating systems in the works "as well as other new products and services that we can't wait to introduce," but did not elaborate.

Apple's recent deal with China Mobile, the world's biggest mobile carrier, is expected to help lift iPhone sales globally at a time when the rival Google Android system has grabbed some 80% of the market.

    
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24 Jul 2014(IST)  
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