Apple profit hits record on ‘staggering’ iPhone sales

January 28, 2015

, – ‘Win for Cook’ –

Apple Pay is limited to the United States, but the company has been barraged with requests for it from businesses in other countries, according to Cook.

“I think this is the year of Apple Pay,” Cook insisted.

Apple’s board of directors declared a cash dividend of 47 cents per share to be paid on February 12.

Apple shares rose more than five percent to $115.20 in after-market trades that followed release of the blow-out earnings figures.

Stellar iPhone 6 sales, especially in a China market considered more inclined to low-priced smartphones such as those powered by Android, are a major win for Cook, according to independent analyst Rob Enderle of Enderle Group in Silicon Valley.

“Tim Cook clearly took a position on iPhone 6 that Steve Jobs never would have taken, and it paid off magnificently,” Enderle said of Apple’s move to field the bigger screen smartphones.

“He is kicking ass.”

Part 1 | Part 2 | Part 3

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