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Apple breaks records with iPhone 6 sales

Wed, Jan 28, 2015, 04:04 PM
Los Angeles, Jan 28: Technology giant Apple closed 2014 with a record breaking quarter thanks to the sales of iPhone, particularly the new iPhone 6, which raised its net profit to $18.02 billion, a 37.8 percent year-on-year increase, the company said.

According to a company statement Tuesday, the company took in $74.5 billion between October and December -- 29.5 percent more than a year ago -- with a 36.1 percent increase in its margins.

Apple CEO Tim Cook described the results as historic and incredible surpassing the expectations of financial investors where technology shares climbed more than five percent on trades executed following the end of the day at Wall Street Tuesday.

In total, Apple marketed 74.5 million phones in the fourth quarter -- 46 percent higher than a year earlier -- and although Cook gave no details, he said the iPhone 6 was the most popular device, much more than iPhone 6 Plus and the earlier iPhone 5S and 5C.

"We are doing well in almost all places of the world," said Cook.

China and Brazil registered the highest sales of these phones.
Agency: IANS

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