Apple (NASDAQ:AAPL) reported its earnings Tuesday for the last quarter of the company’s fiscal year revealing it had generated $42.1 billion in revenue and $8.5 billion in profit.

This translates to an earnings per share of $1.42 per share, which is well above what Wall Street’s consensus was of around $1.31 as well as revenue of about $40 billion. This means that Apple has once again beaten Wall Street’s lofty expectations, partially helped by the strongest iPhone launch in the company’s history with the launch of the iPhone 6 and iPhone 6 Plus. This represents a continuation of the company’s profitability even though Apple as a company has significantly changed internally. Apple was able to ship 39 million iPhones, roughly in line with what many analysts were expecting, but still above the average expected 37.5 million consensus. Apple also saw huge growth in the Mac sales thanks to the back to school season and they have now seen market share increase to some of the highest levels in over a decade.

Apple reported that its gross margin went up 1 point in the quarter, to 38% up from 37% in the same quarter a year ago, representing the increase in profitability. Additionally, Apple only reported $37 billion in revenue in the same quarter a year ago, showing that Apple has continued to drive the company upward year over year. Apple also stated that 60% of the revenue generated in the third quarter came from international sales, which also means that a lot of the cash flow generated from operations, $13.3 billion worth, will very likely stay abroad. Apple’s board also announced a $0.47 dividend for November 13th this year, and will be issued to holders of the stock on November 10th this year.

Apple Earnings

Apple also guided their fiscal first quarter of 2015, calendar Q4 2014, to a record revenue to $63.5 billion and 66.5 billion, they also expect gross margin to be somewhere between 37.5 and 38.5 percent.

Apple’s current share price is at $99.76 but it is already trading higher in after hours trading, once again breaking the $100 barrier up over 1% to $101.26.

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Apple (NASDAQ: APPL) unveiled major updates to its iMac and iPad lines at a press event Thursday, giving the iMac an ultra-high resolution screen and refreshing the iPad Air and Mini lines with a number of cosmetic and technical enhancements.

The new iMac has a 5K display (5120 x 2880) — which has 67% more pixels than  4K — a 3.5 GHz Intel Core i5 and a Radeon 290X GPU. These are upgradeable to a 4.0 GHz Core i7 and a mobile Radeon 295X GPU. The all-in-one PC ships with a 1TB hybrid SSD and HDD drive, as well as OSX Yosemite.

The new iMac starts at $2,499.

An even thinner iPad Air

Apple’s iPad Air was already thin to begin with, but that hasn’t stopped Apple from making it even more thin. Apple has managed to slim the tablet down by 18% to 6.1mm.

The new iPad Air’s rear camera has been upgraded to 8 megapixels, and is capable of shooting 1080p video. The front camera has also been updated, and is capable of capturing video in HD.

As far as an SoC goes, Apple has put its new A8X chip inside the iPad Air 2 which it says is 12 times faster than the SoC in the original iPad.

The tablet’s display did not get an upgrade. It’s still a standard Retina display at a resolution of 2048 x 1536.

Touch ID fingerprint scanning has been added to the Home button, and Apple is also including 802.11ac MIMO Wi-Fi as well as global 4G LTE support.

The iPad Air 2 starts at $500, with 64GB and 128GB models coming in at $600 and $700. Adding 4G LTE support will add an additional $130 to the price tag.

A refreshed iPad Mini 3

The new version of the iPad mini didn’t get the same upgrades as the iPad Air. The only upgrade of note is the addition of Touch ID fingerprint scanning. It still has the same the same 7.9-inch Retina screen, A7 processor, and 5-megapixel camera. Pricing starts at $400 for the 16GB version.

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