Apple posted $42.1 billion in revenue for the September quarter this afternoon, up 12 percent from the year before, beating Wall Street’s profit estimates by 11 cents with earnings of $1.42 per share.
The result was driven by strong sales of the iPhone 6. Overall unit sales of the iPhone rose 16 percent for the quarter with more than 39 million iPhones sold by the company. Sales of the iPad slipped 7 percent to 12.3 million units for the quarter, which ended prior to the company’s recent announcement of new iPads.
“Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus,” said Apple CEO Tim Cook in the company’s earnings release. “With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple’s strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015.”
Apple also declared a 47 cents-per-share dividend and issued revenue guidance of between $63.5 billion and $66.5 billion for the December quarter, a range that’s above the consensus of most analysts.
The company’s conference call starts at 2 p.m. Pacific, available for streaming here.
