Apple has reported its fiscal Q3 2015 earnings results on Tuesday, showing revenue of of $49.6 billion and $10.7 billion in profit for the April to June three month period. The third quarter is the first one that includes Apple Watch sales.
“The Company posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion, or $1.85 per diluted share. These results compare to revenue of $37.4 billion and net profit of $7.7 billion, or $1.28 per diluted share, in the year-ago quarter. Gross margin was 39.7 percent compared to 39.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.”
Apple says the growth was fueled by record third quarter sales of the iPhone and Mac, as well as all-time record revenue from services and the successful launch of Apple Watch.
Apple did not break out Apple Watch sales. However, the company did list iPhone, iPad, and Mac sales by unit:
“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.”
“In the third quarter our year-over-year growth rate accelerated from the first half of fiscal 2015, with revenue up 33 percent and earnings per share up 45 percent,” said Luca Maestri, Apple’s CFO. “We generated very strong operating cash flow of $15 billion, and we returned over $13 billion to shareholders through our capital return program.”
Apple is providing the following guidance for its fiscal 2015 fourth quarter:
Apple’s quarterly conference call to discuss today’s results is scheduled for 2PM Pacific/5PM Eastern time. The new Apple Watch is likely to be a major topic of discussion during the call. MacTrast will provide coverage of the call, so stay tuned.
