Apple posts $7.7bn net profit in fiscal Q3 2014

Tom Pakinkis

Apple recorded revenues of $37.4 billion (£21.9bn) in its fiscal 2014 third quarter turning a net profit of $7.7 billion (£4.5bn).

The figures represent a 5.9% climb in revenues from $35.3 billion (£20.7bn) at the same point a year ago, and a net profit increase of 11.6% from $6.9 billion (£4.0bn).

International sales accounted for 59% of the quarter’s revenue.

iTunes billings grew 25% year-on-year, reaching an all-time quarterly high according to Apple CEO Tim Cook – but that growth ...

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