Apple said its Q3 2014 revenue increased 5.9 percent to $37.4 billion and net profit grew 11.59 percent to $7.7 billion thanks to 28 percent surge in China sales and 13 percent increase in iPhones.
Industry analysts said visit of Tim Cook, Apple’s CEO, to China Mobile head quarters has paid off well this year. iPhone 5c and iPhone 5s were picked up by the 3G and 4G markets in China. The company has sold 35,203K units on iPhones during third quarter ended June 28, 2014.
All geographies supported Apple this time as International sales accounted for 59 percent of the quarter’s revenue.
Apple said Americas Q3 revenue increased 1 percent to $14.57 billion, Europe 6 percent to $8.09 billion, China 28 percent to $5.93 billion, Japan 1 percent to $2.56 billion, Rest of Asia Pacific including India 6 percent to $2.16 billion.
But there are alarming signals from Apple. Its iPad sales dropped 9 percent to 13,276K units and iPods dipped 36 percent to 292K. Apple iPhones sales rose 13 percent to 35,203K units and Mac 18 percent to 13,276K units.
“Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters,” said Tim Cook, Apple’s CEO. “We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce.”