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Apple Q3 Revenue up 33% YoY to $49.6B, iPhone Revenue up 59%, iPad Sales Drop 18%


News Team
Jun 22, 2012
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Apple has announced the financial results for its fiscal 2015 third quarter which ended on June 27, 2015. The company posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion. In 2014, Apple has seen revenue of $37.4 billion and net profit of $7.7 billion, so this is yet another record quarter for the company.

The gross margin was 39.7 percent compared to 39.4 percent in the year-ago quarter and international sales accounted for 64 percent of the quarter’s revenue. Tim Cook, Apple’s CEO, said the following

“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. 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.”

Luca Maestri, Apple’s CFO, also added his input:

“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. We generated very strong operating cash flow of $15 billion, and we returned over $13 billion to shareholders through our capital return program.”

Apple sold 47.5 million iPhones during the quarter, up from 35.2 million a year earlier, while Mac sales registered 4.8 million units, up from 4.4 million units in the year-ago quarter. iPad sales continued to decline, however, falling to 10.9 million from 13.3 million.

For its fiscal 2015 fourth quarter, Apple is providing the following guidance - 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.

Source: Apple

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