iPhone 5 sales boost Apple profit by 24%


The fiscal fourth quarter ended Sept. 29 brought the company revenue of $36 billion and net profit of $8.2 billion, or $8.67 per share, making it its “highest September revenue and earnings ever,” according to chief financial officer Peter Oppenheimer.

In the same quarter last year, Cupertino earned $6.6 billion, or $7.05 per share.

The results fell below analyst expectations that estimated earnings of $8.75 a share on revenue of $35.8 billion.

However, the company’s results were still remarkable.

Apple sold 26.9 million iPhones, a 58 % increase over Q3 in 2011, 14.0 million iPads during the quarter, a 26 % growth over the previous year, and 4.9 million Macs, representing a 1 % boost over last year’s quarter.

“We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s chief executive. “We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.”