Subscribe

Apple's Net Profit Hits $110m A Day

/ 28th October 2015 /
Subeditor

Record iPhone sales, along with expanded availability of the Apple Watch and all-time records for Mac sales and revenue from services, have fueled growth for Apple.

The company announced financial results for its fiscal 2015 fourth quarter, ended September 26. Apple posted quarterly revenue of €46.59 billion and quarterly net profit of €10.04 billion, or €1.77 per diluted share.

These results compare to revenue of €38.09 billion and net profit of €7.69 billion, or €1.28 per diluted share, in the year-ago quarter. Gross margin was 39.9% compared to 38% in the year-ago quarter. International sales accounted for 62% of the quarter’s revenue.

Apple CEO Tim Cook said the holidays should see even stronger growth.

“We are heading into the holidays with our strongest product lineup yet," Cook said, "including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded lineup of cases and bands, the new iPad Pro and the all-new Apple TV which begins shipping this week.”

In Association with

“Apple’s record September quarter results drove earnings per share growth of 38% and operating cash flow of $13.5 billion,” said Luca Maestri, Apple’s CFO. “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 programme.”

Apple is providing the following projections for its fiscal 2016 first quarter:
• revenue between €68.31 billion and €70.12 billion
• gross margin between 39% and 40%
• operating expenses between €5.7 billion and €5.79 billion
• other income/(expense) of €361.89 million
• tax rate of 26.2%

 

Sign up to The Business Plus Panel to help shape the business decisions of tomorrow and win vouchers for your opinions! 
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram