Apple Profits

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Apple have celebrated their most successful year to date, with revenue growing 28% to almost $234b.

This massive increase in profits has come from sales of the IPhone, Apple watch and Macs.

Their new range of IPhones and innovative watches have sky rocketed sales of their products, with net profits of over $11.1b.

Sales in China of smartphones almost doubled from a year ago to $12.52b, their biggest market for smartphones. Apple now has 25 stores in China and is continuing to open more in markets across the country.

Sales of their tablet have gone down by 20 per cent with only $9.9m sales in the last quarter, with customers less likely to renew their tablet as regularly as an IPhone.

Apples CEO, Time Cook said “We are heading into the holidays with our strongest product lineup yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded lineup of cases and bands, the new iPad Pro and the all-new Apple TV which begins shipping this week.ā€

 

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