Apple posts blockbuster earnings with $8.5 billion in profit and sales of 39.27 million iPhones

Apple today posted earnings results for its recent September quarter and blew past analyst estimates with profits of $8.5 billion on the back of $42.1 billion in revenue. For the quarter, Apple's EPS came in at $1.42, an impressive 20% increase year over year. Analysts on Wall Street were anticipating EPS of $1.29 and revenue of $39.86 billion. By way of contrast, Apple during the same quarter a year-ago posted revenue of $37.5 billion and a quarterly profit of $7.5 billion.

Apple's stellar quarter was, not surprisingly, the result of extremely strong iPhone sales. For the quarter gone by, iPhone sales checked in at 39.27 million units, a marked increase from the 33.8 million units Apple sold during the same quarter a year-ago. Unit sales for the iPhone increased by 16% while revenue increased by 21%.

Meanwhile, iPad and Mac sales checked in at 12.3 million and 5.5 million units, respectively. iPad sales last quarter came in at 14.1 million units while Mac sales checked in at 4.6 million units.

In a press release on the matter, Apple CEO Tim Cook said:

Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus. With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple's strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015.

Make sure to tune in and check out our liveblog of Apple's earnings conference call slated to kick off at 5PM Eastern Time.

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