Saturday, December 7, 2024
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Apple does it again: Record 3rd quarter results

Apple released its fiscal year 3rd quarter results this afternoon, and the numbers look great. The company posted a quarterly revenue of $49.6 billion with a net profit of $10.7 billion ($1.85 per diluted share). That’s in comparison with the year-ago quarter when Apple’s revenues were $37.4 billion with a net profit of $7.7 billion. 

Gross margin was up slightly to 39.7%, compared to 39.4% for the same quarter in 2014. International sales were 64% of the quarter’s revenue. 

iPhone unit sales were up 35% year-over-year, up to 47,534,000 compared to 35,203,000 last year. Revenues were up strongly at 59% year over year from 2014: $31,368,000 in 2015 compared to $19,751,000 in 2014. 

iPad sales continue to slump, with unit sales of “only” 10,931,000 in the quarter and revenues of $4.53 billion. Unit sales were down 18% from the same quarter in 2014, while revenues slumped 23%.

The Mac continues to be a shining product segment for Apple, with unit sales of 4,796,000 in the quarter providing revenues of $6.03 billion. Unit sales were up 9% year-over-year for the quarter, identical to the revenue increase of 9%.

The Apple Watch is included in a category called “Other Products”, which showed a sequential revenue increase over the previous quarter of 56%, up 49% over the same quarter in 2014. That indicates good sales of Apple Watches during the launch quarter.

For the fiscal 2015 4th quarter, Apple is offering 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

Due to difficulties, we will not be providing our regular liveblog of the earnings call. 

 

Steve Sande
the authorSteve Sande
Steve is the founder and former publisher of Apple World Today and has authored a number of books about Apple products. He's an avid photographer, an FAA-licensed drone pilot, and a really bad guitarist. Steve and his wife Barb love to travel everywhere!