From InfoWorld: Apple logged another healthy rise in sales and profits for its most recent quarter on the strength of record iPhone sales and strong results for Macs.
The company's revenue rose 22 percent from a year earlier to $51.5 billion in the fiscal fourth quarter ended Sept. 26. Sales of iPhones reached a fourth-quarter record and the company said it sold more Macs than ever. Sixty-two percent of revenue came from outside the U.S., and revenue in China nearly doubled.
The company's profit grew even more strongly than sales, up 31 percent to $11.1 billion, or $1.96 per share. For the full year, Apple made $53.4 billion.
Both sales and profit beat the consensus forecast of analyst polled by Thomson Reuters.
However, Apple continued its longstanding trend of disappointing tablet sales. The company sold 9.9 million iPads during the quarter, down 20 percent from the same period in 2014. Wall Street analysts were expecting a decline, but Apple's drop was steeper than predicted.
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