Apple’s Q4 2015: iPads are still the only dark spot in a $51.5B quarter
Apple has just released its earnings report for the fourth quarter of fiscal 2015. As usual, most things look rosy: profit and revenue are both up, as are sales of iPhones and Macs, software and services, and the catch-all “other products” category. Revenue increased in all territories but Japan, including a significant leap in China. The only dark spot is the iPad, which continues the same slow year-over-year decline it’s been in for a year and a half now.
Apple broke quarterly records, with $11.1 billion in profit and $51.5 billion in revenue, compared to $8.5 billion in profit and $42.1 billion in revenue in Q4 of 2014. Its gross margin was 39.9 percent. These results beat Apple’s guidance for the quarter, which predicted revenue between $49 billion and $51 billion and profit margins between 38.5 and 39.5 percent.
The company predicts that it will make between $75.5 and 77.5 billion in the first quarter of fiscal 2016, with profit margins between 39 and 40 percent.