Apple Announces Q4 2015 Results: Record $51.5B Revenue – $11.1B in Profit

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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.

Apple Announces Q4 2015 Results: Record $51.5B Revenue – $11.1B in Profit

“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.

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