Twitter posts a misfortune

Record iPhone deals have supported tech goliath Apple’s fourth quarter benefit.

Apple says it made a net benefit for the quarter of $US11.1 billion from a record $US51.5 billion in income helped by deals in China and interest for the most recent iPhones.

The after-expense benefit expanded from a year ago’s aftereffect of $US8.4 billion.

The figures were likewise enhanced by offers of the Apple Watch and Mac deals, and income from services.

For the 2015 budgetary year, Apple said deals were a record $US234 billion and net benefit ascended by 33% to $US53.4 billion for the year, up from $US39.5 billion in 2014.

Apple sold 48 million iPhones in the September quarter, an ascent of 22 per cent from a year prior.

Cell phone deals have offered the organization some assistance with offsetting falling offers of its iPad tablet. It sold about 10 million iPads over the quarter, down 20 per cent from a year prior.

In an announcement, Apple CEO Tim Cook said the figures looked good for the Christmas season.

“Financial 2015 was Apple’s best year ever, with income growing 28 for every penny to about $US234 billion.”

“This proceeded with achievement is the aftereffect of our dedication to making the best, most imaginative items on earth, and it’s a demonstration of the gigantic execution by our groups,” Mr Cook said.

Apple paid a tax rate of 26.2 per cent.

In the mean time, social networking site, Twitter, has reported a net misfortune for the three months to the end of September of $US132 million, a littler quarterly misfortune contrasted with the $US175 million it posted for the same time a year ago.

Income ascended by 58 per cent, helped by all the more promoting, to $US569 million.

CEO Jack Dorsey said the organization’s execution had made strides.

“We kept on seeing solid money related execution this quarter, as well as meaningful progress across our three areas of focus: ensuring more disciplined execution, simplifying our services, and better communicating the value of our platform.”

“We’ve simplified our roadmap and association around a couple of huge wagers crosswise over Twitter, Periscope, and Vine that we accept speak to our biggest open doors for development,” Mr Dorsey said.

Twitter’s active monthly users have expanded to 320 million people.

Facebook Comments