NEWS
NEWS
NEWS
Apple Q3 2015 earnings, record third quarter iPhone, Mac, App Store sales
Apple on Tuesday released its earnings results for the third quarter (Q3) of its fiscal 2015 and it was another record quarter for the Cupertino Calif.-based company.
Apple attributed its Q3 2015 growth to record third quarter sales of iPhone and Mac, all-time record revenue from services and the successful launch of Apple Watch early in the quarter.
Here is a look at Apple’s Q3 2015 results by the numbers:
Revenue
Apple reported Q3 revenue of $49.6 billion and a quarterly net profit of $10.7 billion, or $1.85 per diluted share. Compared to the same period last year, revenue was up 33 percent from 37.4 billion and quarterly net profit increased from 7.7 billion dollars, or $1.26 per diluted share.
Apple said international sales accounted for 64 percent of its Q3 revenue, with Greater China seeing by far the highest year-on-year increase at 112 percent.
iPad Sales
Although Q3 iPad sales were in line with analyst expectations at 10.9 million units, this marks an 18 percent decline over Q3 2014 and a 13 percent decline from Q2 2015.
iPhone Sales
Although falling short of analyst expectations, iPhone sales hit a third quarter record with 47.5 million units sold, marking a 35 percent increase year-on-year and a revenue increase of 59 percent.
Services
Revenue from iTunes, AppleCare, Apple Pay, licensing and other services came in at a record $5 billion, up 12 percent year-on-year and driven largely by the App Store according to Apple CEO Tim Cook.
Apple Watch sales
As expected, Apple did not break out Apple Watch sales numbers, but grouped it under “other services’ alongside iPod, Apple TV, and Beats accessories – the category accounted for $2.6 billion in revenue, up 49 percent from the year-ago quarter and up 56 percent from Q2.
Mac sales
Mac sales hit a third-quarter record at 4.7 million units, up 9 percent over the year-ago quarter and 5 percent over Q2.
“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.”
Looking ahead at Q4, Apple forecasted revenue between $49 billion and $51 billion.
Image credit: kropekk_pl via pixabay.com
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