Apple Beats Expectations With $fifty one.5 billion Quarter, forty eight Million iPhones sold
firm had $11 billion in net revenue and said it used to be a report fiscal this autumn.
Apple has announced its fiscal this autumn cash. financial analysts had been expecting $51.04 billion in revenue and revenue per share (EPS) of $1.88. Apple beat each sets of expectations with $fifty one.5 billion in earnings and $1.ninety six EPS.
the company mentioned it had internet revenue of $11.1 billion. Gross margins had been 39.9 % versus expectations of 39.three %. Apple mentioned its report fiscal this autumn revenues were fueled by means of iPhone, Mac and Apple Watch sales. the company’s shares are up in after-hours buying and selling.
listed below are the device numbers, additionally mirrored above:
- iPhone: forty eight.04 million gadgets; $32.2 billion in earnings
- iPad: 9.eight million devices; $four.27 billion
- Mac: 5.7 million devices; $6.88 billion
- products and services: $5.08 billion
- different (together with Apple Watch): $3.04 billion
The Mac outperformed expectations, while each the iPhone and iPad got here in fairly underneath analyst consensus estimates. higher China was down sequentially but nearly double a year ago. All other areas were up.
Notes from the revenue name:
Highlights from CEO Tim cook’s opening remarks:
- 231 million iPhones offered in fiscal 2015.
- Generated $53 billion in internet profits in FY2015.
- Demand for brand spanking new iPhones is exceeding provide.
- sold 5.7 million Macs (defying eleven % business contraction).
- $5.1 billion in services income, an all-time document.
- Apple Watch gross sales beforehand of expectations.
- Over 13K apps for the Apple Watch.
- 25 shops in better China, heading toward forty shops.
- sixty one percent of active iOS devices now running iOS 9.
- Apple song: greater than 15 million bills, 6.5 million paying shoppers.
- 50 auto models announced with car Play reinforce.
- Apple news: forty million readers.
- endeavor revenues $25 billion during the last 12 months.
CFO Luca Maestri:
- Apple growth regardless of major forex “headwinds.”
- Quarterly money flow: $thirteen.5 billion (fourth quarter report).
- iPhone increase 22 % year over 12 months.
- important increase in Asia and China. China was once 31 p.c of quarterly income.
- Mac increase driven primarily via the brand new Macbook.
- iPad seventy three % share of capsules priced above $200.
- Apple App store earnings grew greater than 120 p.c yr over 12 months.
- The “different” earnings class grew sixty one % yr over year due essentially to the Apple Watch.
- 463 global Apple stores.
- $205 billion in money on hand (91 p.c of whole outdoor US).
chosen excepts from analyst questions and discussion:
query about modest vacation outlook: Tim cook dinner says steering is in fact eight to 10 percent under currency challenges. prepare dinner believes that iPhone boom within the next quarter can be partly fueled by means of “switchers” from Android. Expects to do higher also in rising markets and China.
there have been a couple of questions about Apple’s perceived weaker outlook over the following a number of quarters. cook dinner repeated the checklist of boom drivers above, however at an awfully common level.
query about boosting enterprise revenues: Will there be an increased gross sales force? prepare dinner says no.
question about China and iPhone sales growth. prepare dinner stated that the iPhone 6 is the highest-selling cellphone in China, and the iPhone 6 Plus is number three. prepare dinner says that China ultimately might be Apple’s top market.
Android switchers: 30 percent of iPhone consumers final quarter were Android switchers, according to cook dinner.
despite forex-associated value hikes in non-US markets, Maestri says that “iPhone sales have been very resilient.”
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(Some photography used beneath license from Shutterstock.com.)
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