Apple’s Record-Smashing 4th Quarter: $11.1 Billion Profit, $51.5 Billion Revenue
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Once again, topping even its most conservative estimates, Apple reported during the company’s quarterly conference call Tuesday that it had another record-breaking quarter. Driving the impressive figures of Apple’s most recent blockbuster earnings report, were the sales of 48 million iPhones and 5.7 million Macs.
The company profited roughly $11.1 billion on a total revenue of $51.5 billion for the 4th quarter of 2015. The Cupertino tech-giant added that these numbers were up 22 percent, year over year, as compared to the same 4th quarter of 2014, when the company brought in $8.1 billion profit on roughly $42.1 revenue.
As stated during the call by Apple’s Chief Executive, Tim Cook:
Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28 percent to nearly $234 billion. This continued success is the result of our commitment to making the best, most innovative products on earth, and it’s a testament to the tremendous execution by our teams. We are heading into the holidays with our strongest product lineup yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded lineup of cases and bands, the new iPad Pro and the all-new Apple TV which begins shipping this week.”
Some Noteworthy Facts and Numbers
The company’s earnings per share (EPS) were $1.96, which is an increase from $1.42 EPS for the same Q4 of 2014. To that end, gross margins were 39.9 percent for the quarter, up 1.9 percent from 38 precent in September of last year.
Year over year, iPhone unit sales increased 22 percent, while revenue generated from Apple’s handset was up 36 percent. In addition, International sales figures accounted for roughly 62 percent of the quarter’s revenue, while sales in China, alone, were up 99 percent year over year.
On the contrary, however, sales of the company’s iPad continued their downward decline, ultimately falling 20 percent year over year to 9.8 million units.
In the call, Apple Chief Financial Officer, Luca Maestri, added that:
Apple’s record September quarter results drove earnings per share growth of 38% and operating cash flow of $13.5 billion. We returned $17 billion to our investors during the quarter through share repurchases and dividends, and we have now completed over $143 billion of our $200 billion capital return program.”
Setting its sights even higher as the company looks onward to the December quarter, Apple is projecting revenue between $75.5 billion and $77.5 billion, with gross margins between 39 and 40 percent. The company’s operating expenses are expected to be between $6.3 billion and $6.4 billion, with peripheral income of around $400 million, at an effective tax rate of 26.2 percent.
