Apple Reports Q3 2015 Earnings of $10.7B on $49.6B Revenue: 47.5M iPhones, 10.9M iPads, 4.8M Macs

[MacRumors]

Apple today announced financial results for the third fiscal quarter and second calendar quarter of 2015. For the quarter, Apple posted revenue of $49.6 billion and net quarterly profit of $10.7 billion, or $1.85 per diluted share, compared to revenue of $37.4 billion and net quarterly profit of $7.7 billion, or $1.28 per diluted share, in the year-ago quarter.

Gross margin for the quarter was 39.7 percent compared to 39.4 percent in the year-ago quarter, with international sales accounting for 64 percent of revenue. Apple also declared an upcoming dividend payment of $0.52 per share, payable on August 13 to shareholders of record as of August 10. The company currently holds $202.8 billion in cash and marketable securities.

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.

"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."

Apple's guidance for the fourth quarter of fiscal 2015 includes expected revenue of $49-51 billion and gross margin between 38.5 and 39.5 percent.

Apple will provide live streaming of its fiscal Q3 2015 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Conference Call and Q&A Highlights are available in reverse chronological order after the jump.

Click here to read rest of article...

Article Link: Apple Reports Q3 2015 Earnings of $10.7B on $49.6B Revenue: 47.5M iPhones, 10.9M iPads, 4.8M Macs

 

[nebo1ss]

Trust McRumors to mix up the revenue and profits. They are showing a higher profit than revenue.

 

[Chuck Kostalnick]

Not a great sign they haven't posted Apple Watch numbers.

 

[forza1976]

Ugh, my shares are down!!!!!!

 

[lowendlinux]

I think you have some figures reversed

 

[jetjaguar]

Not a great sign they haven't posted Apple Watch numbers.

yep. If the numbers were great they would release them like they do every other time they sell a lot of something.

 

[DocMultimedia]

Ugh, my shares are down!!!!!!

Yeah, after hours are really depressing me.

 

[flash84x]

For the quarter, Apple posted revenue of $10.7 billion and net quarterly profit of $49.6 billion

Apple has pulled off the impossible... more profit than revenue! You may want to fix that mistake MR.

 

[mrongey]

You gotta love wall street!

 

[Smeaton1724]

 

[JackANSI]

Wasn't one of the previous prediction articles on MR predicting 49+Mil iPhone units?

 

[ijeffgarden]

How do the actual numbers compare with the last minute predictions ? I thought I read they were expected to move more iPhones than that but I don't remember all the details

 

[RDeckard]

Not a great sign they haven't posted Apple Watch numbers.

Tim Cook already said that Apple would NOT post Apple Watch numbers months before the Apple Watch even went on sale.

 

[OriginalClone]

Anyone know why watch sales aren't included?

 

[coltman75]

yep. If the numbers were great they would release them like they do every other time they sell a lot of something.

That's not true at all. They said, since before the watch even went on sale, that they were intentionally not going to release the numbers for competitive reasons.

 

[GuitarDTO]

Down 7% already after hours. Wall Street sees the future growth slowing down for iPhones. Their stock will be a function of iPhone and nothing more. I've said before that as soon as iPhone growth slows due to global saturation, and potential upgrade cycles slow as well, the stock will get crucified. That day is nearing.
EDIT: Will be interesting to see if the earnings call can bounce it back if Tim gives any confidence towards timing of iPhone cycles and what type of cycle they expect with the 6s.

 

[AFEPPL]

Wow, more profit than revenue!
Apple posted revenue of $10.7 billion and net quarterly profit of $49.6 billion.. Exon accountants?

 

[Vanilla Face]

lol after hours plummeted.

 

[rdowns]

Not a great sign they haven't posted Apple Watch numbers.

THey said at launch they wouldn't be separating watch numbers out.

 

[TC03]

Not a great sign they haven't posted Apple Watch numbers.

Not really. Cook stated they wouldn't disclose Apple Watch numbers back in October.

 

[OriginalClone]

That's not true at all. They said, since before the watch even went on sale, that they were intentionally not going to release the numbers for competitive reasons.

I think they said that just in case it didn't perform as well as they expected. The watch is obviously making Apple money, but I don't think it's selling well. IMO

 

[critter13]

Profit 10.7b compared to 7.7b last year. Revenue 49b compared to 37b last year. For a notoriously slow quarter. I'm sorry whats the problem? let people run scared, bring that price down I will just buy more

 

[citysnaps]

Not a great sign they haven't posted Apple Watch numbers.

Months before the release of the Watch Tim Cook announced that Watch numbers would not be disclosed for competitive reasons. I suspect he really meant it.

 

[BMcCoy]

Anyone know why watch sales aren't included?

Because it's a very small number compared with iPhone sales.
They always planned to keep the watch sales secret.
And it allows them to still say at their next keynote that "customers are loving the Apple Watch" and "it's been an amazing success" etc, without ever having to back that up with sales figures.

 

[Ted13]

Anyone know why watch sales aren't included?

Because Tim Cook said they wouldn't be LAST FALL, so as to keep info away from competitors. Revenue will be in "Other" with iPods & AppleTVs