Apple Announces Q4 2015 Results: Record $51.5B Revenue – $11.1B in Profit
Apple has reported its fiscal Q4 2015 earnings results on Tuesday, showing record revenue of $51.5 billion and $11.1 billion in profit for the July to September three month period. The company sold 48 million iPhones and 9.8 million iPads during the period.
“Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28% to nearly $234 billion,” said Apple Chief Executive Tim Cook. “This continued success is the result of our commitment to making the best, most innovative products on earth, and it’s a testament to the tremendous execution by our teams.”
Apple was also aided by record sales of 5.7 million Macs. Overall revenue was up 22% year-over-year, compared to $42.1 billion in revenue and $8.5 billion net profit during the same period a year ago
Gross margin was 39.9%t for the quarter, up from 38% one year ago. Earnings were $1.96 per diluted share, an increase from $1.42 EPS a year ago. International sales accounted for 62% of total revenue, with sales in China up 99% year-over-year.
Apple is providing the following guidance for its fiscal 2016 first quarter:
- revenue between $75.5 billion and $77.5 billion
- gross margin between 39 percent and 40 percent
- operating expenses between $6.3 billion and $6.4 billion
- other income/(expense) of $400 million
- tax rate of 26.2 percent
Apple’s board of directors has declared a cash dividend of $.52 per share of the Company’s common stock. The dividend is payable on November 12, 2015, to shareholders of record as of the close of business on November 9, 2015.