Apple Reports Record Third Quarter Earnings, Revenue Growth of 33%

Apple Reports Record Third Quarter Earnings, Revenue Growth of 33%

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Apple has just reported record results for its fiscal 2015 third quarter ended June 27, 2015 with iPhone, Apple Watch, Mac & App Store driving revenue growth of 33%.

The Company posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion, or $1.85 per diluted share. These results compare to revenue of $37.4 billion and net profit of $7.7 billion, or $1.28 per diluted share, in the year-ago quarter. Gross margin was 39.7 percent compared to 39.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.

The growth was fueled by record third quarter sales of iPhone and Mac, all-time record revenue from services and the successful launch of Apple Watch.

“We had an amazing quarter, with iPhone revenue up 59 percent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch,” said Tim Cook, Apple’s CEO. “The excitement for Apple Music has been incredible, and we’re looking forward to releasing iOS 9, OS X El Capitan and watchOS 2 to customers in the fall.”

“In the third quarter our year-over-year growth rate accelerated from the first half of fiscal 2015, with revenue up 33 percent and earnings per share up 45 percent,” said Luca Maestri, Apple’s CFO. “We generated very strong operating cash flow of $15 billion, and we returned over $13 billion to shareholders through our capital return program.”

Apple is providing the following guidance for its fiscal 2015 fourth quarter:
● revenue between $49 billion and $51 billion
● gross margin between 38.5 percent and 39.5 percent
● operating expenses between $5.85 billion and $5.95 billion
● other income/(expense) of $400 million
● tax rate of 26.3 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 August 13, 2015, to shareholders of record as of the close of business on August 10, 2015.

Apple will provide live streaming of its Q3 2015 financial results conference call beginning at 2:00 p.m. PDT on July 21, 2015 at www.apple.com/quicktime/qtv/earningsq315.


Apple Reports Record Third Quarter Earnings, Revenue Growth of 33%
Great - July 22, 2015 at 4:28am
I wonder how Samsung's mobile division is doing. How well do you think their S6 line of devices are selling, you know, since their fans are crowing so much about them, they should be buying up as fast as Samsung can make them, right?
Flown - July 22, 2015 at 4:56am
Don't forget where any budget towards a new product goes when they make their so-called ads, am I right?
Not Logical - July 22, 2015 at 8:58am
If only every Apple in the world has a Samsung. A failing megalomaniac antagonist barely making a profit yet employs an army of henchmen for the goal of world domination. Samsung electronics, Samsung Insurance, Samsung Heavy industries, Samsung motors, Samsung chemicals, Samsung medical center, Samsung securities, Samsung shills hotels and resorts, Samsung Techwin surveillance aeronautics and weapons tech. Against Apple, a reborn hippy of freedom from the 70s, armed only with the liberal ideals of its founders and American ingenuity.
Anonymous - July 21, 2015 at 9:48pm
I guess Steve did not regret choosing Tim Cook as the next leader for Apple
Flozz - July 22, 2015 at 3:43am
Why do you think Apple is still alive and beyond his successes.
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