кредитный займ на карту
Home » Business, Company, Technology, U.S.

Apple 3Q2015 Results — Revenue and iPhone Sales Rise

Written by on July 21, 2015

Apple came out with strong 3Q2015 results as expected. The Cupertino giant reported revenue of $49.6 billion for the 3Q2015 with a net profit of $10.7 billion, or $1.85 per share.

Apple’s guidance for 3Q2015 from its last earnings release was for revenue between $46 billion and $48 billion.

Apple’s 3Q2015 revenue of $49.6 billion compares to the 3Q2014 revenue of $37.4 billion (up 32.5%) and 3Q2015 net profit of $10.7 billion compares to the 3Q2014 net profits of $7.7 billion.

“We had an amazing quarter, with iPhone revenue up 59% 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,” Tim Cook, Apple’s chief executive, said in a statement, and added that the excitement for Apple Music was “incredible.”

Apple sold 47.5 million iPhones in the quarter, up 35% from the year-ago quarter.

Apple’s guidance for the 4Q2015 are: revenue between $49 billion and $51 billion and gross margin between 38.5% and 39.5%. Apple has declared a cash dividend of $.52 per share.

Revenue for the nine months ended June 27, 2015 were $182.2 billion compared to revenue of $140.6 billion for the nine months ended June 28, 2014.

Net profits for the nine months ended June 27, 2015 were $42.2 billion compared to net profits of $31.0 billion for the nine months ended June 28, 2014.

Apple 3Q2015 Results

Apple 3Q2015 Results

The results show an increase in revenue of 112% in 3Q2015 compared to 3Q2014 in the Greater China region.

Sales of iPhones in 3Q2015 were up 35% and iPhone sales revenue was up 59% from the year ago quarter.

Apple Watch and Apple Cash

Apple won’t give a break-up of Watch sales but it reported sales of $2.6 billion for the other products category which includes the Watch. The comparable revenue for the other products category for the third quarter of 2014 was $1.8 billion and for the 2Q2014, it was $1.7 billion. Since the category includes products such as iPods, Beats headphones and various Apple accessories, it’s difficult to ascribe the rise in revenue solely to sales of the Apple Watch.

We can speculate. Assuming the Apple Watch Sport constituted the bulk of Watch sales in the quarter, 1 million Apple Watch units mean a revenue of $500 million and 2 million Apple Watch units shipped translate to a revenue of $1 billion. Hence, Apple Watch sales were somewhere between 1 and 2 million units.

The Apple cash pile continues to increase non-stop and now it has crossed $200 billion for the first time ever with three-quarters of the cash lying abroad because of taxes in the U.S. running at 33% which would apply if Apple were to bring the cash into the country.

With the Apple stock down 6.75% in after-hours trading, clearly investors are not impressed with Apple’s results and the overall direction of the company they portray. Perhaps the lackluster sales of the Apple Watch are to partly blame for this. In the other product categories that Apple operates in, its Mac sales are doing fabulously well — growing in a PC market that is in decline but the iPads continue to shrink but then no company is doing well in tablet sales — except perhaps Microsoft that saw an increase in Surface sales.