Apple sells 48m iPhones, making $51.5 billion in sales to boost profits in ‘most successful year’

The company sold 48 million iPhones worldwide

Clare Hutchison
Wednesday 28 October 2015 11:31
Comments
iPhone 6s
iPhone 6s

Sales of the iPhone have helped Apple record another quarter of booming profits despite reports of an economic slowdown in China.

Apple said sales in Greater China hit $12.52 billion (£8.2 billion) in its fourth quarter, more than double the level of a year ago and making up a quarter of its total revenue.

The company, which launched its new iPhone 6s and 6s Plus models in September, sold 48million iPhones worldwide, setting a new fourth quarter record.

Concerns about China’s growth have rocked financial markets of late, after a string of gloomy economic data and a stock market plunge.

The company’s share price took a hit after the results because revenue was slightly down on the previous quarter. Analysts put this down to seasonal buying and said they expect China to replace the US as Apple’s biggest market.

"We continue to have wonderful success there," Apple's chief financial officer, Luca Maestri, told Reuters.

Overall, sales in the three months to September 26 were up 22% to a record $51.5 billion, while net income hit $11.1 billion, in what has been described as Apple’s most successful year.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in