Apple on Monday reported its fiscal fourth quarter, calendar Q3, 2014 earnings. Wall Street was expecting Apple to report $1.31 earnings per share on $39.85 billion in revenue, and Apple beat both with an EPS of $1.42 on $42.12 billion in revenue, a record for the fourth quarter.
Apple sold 39.3 million iPhones during the quarter, up just a hair from the same quarter last year. It also sold 12.2 million iPads, down again from last year, and 5.52 million Mac computers. By comparison, during the fiscal fourth quarter of last year, Apple sold 33.8 million iPhone units, 4.6 million Mac computers and 14.1 million iPads. Its previous record quarter for iPhone sales was fiscal Q1 2014, when Apple reported 51 million iPhones sold, and it still has a chance to beat that in fiscal Q1. Keep in mind that these earnings reflect through the end of September, calendar Q3, and don’t include the additional 20 days of October that Apple has been selling its new iPhones.
“Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus,” Apple CEO Tim Cook said. “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 set revenue guidance for fiscal Q1 between $63.5 billion and $66.5 billion. Shares of Apple were up about 2 percent in after-hours trading on the news at the time of publication.