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iPhone Sales Lead Apple Q4 Earnings To 31% Rise Despite Shaky Outlook For China by Jeremy Gerard

Unabating love for the iPhone moved Apple Inc. beyond analysts’ Q4 2015 projections with a 31 percent rise in quarterly profit, the Cupertino, CA-based company said this afternoon. The iconic smart phone generates about two-thirds of AAPL sales and profits, with China now the single biggest market. Apple generated $51.5B in sales: $32.21B for the iPhone (48M units) and $6.88B for the Mac (5.71B units).…

SOURCE: Deadline at 04:55PM on October 27, 2015

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