Tomahawk, WI 07/23/2014 (Basicsmedia) – Apple Inc. (NASDAQ:AAPL) has posted ecstatic Q3-2014 results, as the company reported a sturdy growth in net profits over a significant 12% mark, powered by strong sales of the host of current AAPL handsets amongst all fraternities especially across markets afar from its niche customer base.
The sales of iPhone have stood out, with a bang, in contrast to that of iPad sales, which seemed to have fizzled out as a whimper. This slide has been the second subsequent one and hence poses as a challenge for the company, as it gears up to launch a gamut of bigger screen tablets or iPhone models.
Consumer sales metrics portrayed data that the iPhone giant sold off 35.2 million of iPhone in Q3-2014 – rising by a whopping margin of 12.7%, year-over-year. AAPL authorities conjectured that its sales and demands have increased over a wide range in the BRIC nations of Brazil, India, Russia and China, wherein the sales of iPhone rose up almost 55%.
Robust growth of iPhone helped in propelling Apple Inc. (NASDAQ:AAPL)’s profit index in Q3 to a whopping $7.75 billion from $6.9 billion year over year. Net revenues amassed struck up significantly to $37.4 billion, increasing by a factor of 6%.
The CEO’s Take
The CEO of AAPL, Tim Cook retorted in an interview that the company has attained a pretty strong momentum; AAPL is thrilled with its performance in the last quarter. Indeed, AAPL has braced up and entered into a period sufficing steady growth, coupled with efficient earnings, thus generating cash reserves in multiple billions of dollars.
iPad Sales Plunge 9.2% QoQ
However, it must be comprehended that rumors on new product inception is holding back a number of customers from potential purchases. iPads on the contrary were hit by a 9.2% drop in its sales. Three months earlier, iPad sales fell 16%. Thus, Apple Inc. (NASDAQ:AAPL) is struggling to bring about profound iPad sales in recent times; a couple of years back iPad sales were up by a whopping 84%. AAPL has failed to put up a similar show lately, which is a cause of immediate concern for the AAPL think tank!