Stock watch: Apple has “most successful year ever”

Apple-Store-NYC-700x450.jpgApple has labelled 2015 its “most successful year ever” as the group posts a 22 per cent rise in revenues and 31 per cent rise in fourth quarter profits.

The US technology giant announced quarterly revenues of $51.5bn (£33.7bn) and net profit of $11.1bn for the thee months ended 26 September, up from $42.1bn and $8.5bn respectively over the same period last year.

The growth was chiefly driven by record fourth quarter iPhone sales, which saw the group shift more than 48m units. The expanded availability of the Apple Watch as well record sales for Macs also boosted the group’s numbers.

Apple chief executive Tim Cook said: “Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28 per cent to nearly $234bn.

“This continued success is the result of our commitment to making the best, most innovative products on earth, and it’s a testament to the tremendous execution by our teams.

“We are heading into the holidays with our strongest product lineup yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded lineup of cases and bands, the new iPad Pro and the all-new Apple TV which begins shipping this week.”