Apple Earns Record 51B Revenue On Sales Of 48M iPhones
Apple reported a record quarter on Tuesday, earning $51.5 billion in revenue and $11.1 billion in net profit on sales of 48 million iPhones. Overall revenue was up by 22% year-over-year, compared to $42.1 billion in revenue and 8.5 billion net profit during the same period last year. The company also received a boost from records sales of 5.7 millions Mac units.
In addition, the company noted on their Press Info page that…
“Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28 percent 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.”
Gross margin stood at 39.9% for the quarter, which was up from 38% a year ago. The company’s earnings were $1.96 per diluted share, an increase from $1.42 EPS in the September quarter of 2014. Furthermore, iPhone units increased by 22% year-over-year, while revenue from the new smartphone was up by 36%.
Looking over to international sales, they accounted for 62% of the quarter’s revenue, and sales in China were up 99% year-over-year. However, iPad sales continued to decline in the quarter, falling 20% year-over-year to 9.8 million tablets.
“Apple’s record September quarter results drove earnings per share growth of 38% and operating cash flow of $13.5 billion,” said Apple Chief Financial Officer Luca Maestri. “We returned $17 billion to our investors during the quarter through share repurchases and dividends, and we have now completed over $143 billion of our $200 billion capital return program.”
Apple is projecting revenue between 75.5 billion and 77.5 billion, with gross margins between 39 and 40% for the December quarter — Apple’s first of fiscal 2016. Operating expenses are expected to be somewhere between $6.3 billion and $6.4 billion, with other income of $400 million, and a tax rate of 26.2%.
Source info: Apple.com
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