The quarter was the first to reflect sales of the iPhone 5, which was introduced Sept. 21, nine days before the quarter’s end. Apple has struggled to deliver enough of the devices to meet customer demand, making the iPhone 5 tough to find in many retail stores. Apple’s shares have fallen 9 percent since the product hit the market, in part because of investor concerns about a shortage of the device.
The profit report was slightly below analysts’ expectations, and Apple’s stock was down 1 percent in after-hours trading.
Underscoring how drastically Apple’s business has been transformed by mobile products, Apple’s revenue from the iPhone rose 56 percent to $17.13 billion, making up 48 percent of the company’s total revenue for its fiscal fourth quarter ended Sept. 30. It sold 26.9 million iPhones, 58 percent more than a year earlier.
Apple said its net income was $8.22 billion, or $8.67 a share, compared with $6.62 billion, or $7.05 a share, a year ago.
Revenue for the period rose 27 percent to $35.97 billion from $28.27 billion a year ago. Apple’s revenue for the full fiscal year was $156.5 billion. To put that in perspective, Apple’s revenue for the year exceeded that of Microsoft, Google and Facebook combined for the same period.