Apple sells 47.5M iPhones in record-breaking Q3, revenue jumps 33% to $49.6B

Posted:
in AAPL Investors edited July 2015
Apple continued its record breaking streak on Tuesday, posting its highest ever June quarter earnings with revenue of $49.6 billion, led by sales of 47.5 million iPhones and 4.7 million Macs.




Quarterly net profit was $10.7 billion, or $1.85 per diluted share, up from $7.4 billion in profit and $37.4 billion in revenue in the same quarter of 2014.
"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." - Apple CEO Tim Cook
iPhone sales were up 35 percent year over year in its fiscal 2015 third quarter. Revenue on the iPhone was up 59 percent, driven by higher margins on the iPhone 6 and iPhone 6 Plus. Overall gross margin were 39.7 percent, compared to 39.4 percent in the year-ago quarter.

Though Apple set yet another quarterly record, easily outpacing the 35.2 million iPhones it shipped in the June 2014 quarter, iPhone units still fell short of lofty Wall Street expectations. Many analysts had predicted that iPhone sales would top 50 million for the three-month period.

Mac sales were also up 9 percent from the same period a year ago in the quarter. Apple also reported sales of 10.9 million iPads, an 18 percent year over year decline.

As expected, Apple's earnings announcement did not reveal sales of the new Apple Watch. The company simply referred to the product's launch as "successful."

"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 Apple Chief Executive Tim Coo. "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."

Regionally, Apple saw more astonishing growth from China, where revenues were again up 112 percent. International sales accounted for 64 percent of revenue in the quarter.

"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."

Looking forward to Apple's fiscal 2015 fourth quarter, which runs through September, Apple has projected revenue between $49 billion and $51 billion, with gross margins between 38.5 percent and 39.5 percent. The company has also forecast operating expenses will be between $5.85 billion and $5.95 billion, with other income of $400 million, and a tax rate of 26.3 percent.

The Apple Board of Directors has also declared a cash dividend of $0.52 per share from its common stock. It will be payable on Aug. 13 to shareholders of record as of the close of business on Aug. 10.
«13456710

Comments

  • Reply 1 of 187
    melgrossmelgross Posts: 30,862member
    Hmm. A bit disappointed at Mac sales.
  • Reply 2 of 187
    retrogustoretrogusto Posts: 653member
    ...and in other news, Apple loses $60B in market cap in a few seconds. Thanks, Wall Street.
  • Reply 3 of 187
    welshdogwelshdog Posts: 1,607member
    And the stock has dropped 8% after hours. Mr. Market does not understand Apple, never will.
  • Reply 4 of 187
    SpamSandwichSpamSandwich Posts: 29,760member
    Look at the 7% drop in the stock in after hours trading. Idiots!
  • Reply 5 of 187
    I expected the drop, people were expecting more than 50 million iPhones to be sold. Since Apple didn't meet their invented standard, they're going to dump them.
  • Reply 6 of 187
    originalgoriginalg Posts: 381member
    And we're down 8%. Why? Because we didn't crack 50M phones this quarter?! Give me a break...
  • Reply 7 of 187
    SpamSandwichSpamSandwich Posts: 29,760member
    sog35 wrote: »
    Stock was down $10 in after hours.  

    Revenue up 33%  - stock down 9%

    Google revenue up 11% - stock up 15%

    ridiculous

    I demand an SEC investigation.
  • Reply 8 of 187
    SpamSandwichSpamSandwich Posts: 29,760member
    I expected the drop, people were expecting more than 50 million iPhones to be sold. Since Apple didn't meet their invented standard, they're going to dump them.

    On the plus side...buying opportunity.
  • Reply 8 of 187
    The numbers are too good Apple won't be able to sustain the growth. Or so the thinking goes...
  • Reply 10 of 187
    theothergeofftheothergeoff Posts: 2,062member
    Quote:

    Originally Posted by WelshDog View Post



    And the stock has dropped 8% after hours. Mr. Market does not understand Apple, never will.

     

    it's the phone count.   the pumpers were talking 53+Million phones sold this quarter... this is '10% below expectation' (the analyst's... not Apple's)

  • Reply 11 of 187
    Come on, we know this scene by now. I doubt this will ever change.

    Forgive anything except greatness.
  • Reply 12 of 187
    apple ][apple ][ Posts: 8,360member

    Said on CNBC right now - APPLE the big loser so far.<img class=" src="http://forums-files.appleinsider.com/images/smilies//lol.gif" />

     

    They're not wrong, because Aapl is down almost 7%, and the other big companies that have reported so far are not down nearly as much.

  • Reply 13 of 187
    yojimbo007yojimbo007 Posts: 874member
    Down 8% on stellar results.

    This is BS ... Total BS !
  • Reply 14 of 187
    dickprinterdickprinter Posts: 1,060member
    Quote:

    Originally Posted by sog35 View Post

     

    Stock was down $10 in after hours.  

     

    Revenue up 33%  - stock down 9%

     

    Google revenue up 11% - stock up 15%

     

    ridiculous


    And this....

     

    http://www.marketwatch.com/story/microsoft-reports-biggest-quarterly-loss-ever-2015-07-21-164854246

  • Reply 15 of 187
    SpamSandwichSpamSandwich Posts: 29,760member
    sog35 wrote: »
    Apple is guiding to 20% revenue growth next quarter.

    Long term this is seeing $150

    Not this year. I'm still shooting for $140 and think considering the level of stock manipulation, we'll be lucky to see that.
  • Reply 16 of 187
    macinthe408macinthe408 Posts: 1,050member
    As a professional analyst, I can factually claim that Apple revenue will go down at some point in the future. Now click on my blog and check out all its ads.
  • Reply 17 of 187
    SpamSandwichSpamSandwich Posts: 29,760member
    sog35 wrote: »
    Just bought 300 more shares at $121.89

    What a bargain.

    A relative bargain, but you said you were already too heavy on AAPL for your portfolio.
  • Reply 18 of 187
    ralphmouthralphmouth Posts: 192member

    1. Stock price changes after hours can be very volatile because of the much lower volume.

     

    2. How a stock performs is 99% about expectations. In other words,  what the actual earnings per share/revenue/net profits are vs what the analysts forecasted last quarter. This is how you have situations like Google revenue up to $14.35B vs $14.28 (expected) and stock jumps and Apple revenue up to $49.6 and stock drops.

     

    Nothing surprising here.

  • Reply 19 of 187
    sdw2001sdw2001 Posts: 16,899member
    The drop is likely not related in any way. Things are down a bit today in general.
  • Reply 20 of 187
    atlappleatlapple Posts: 496member

    Cook should have just released Apple Watch numbers, his comment just made the situation worse, it's not like everyone doesn't know by now the numbers stink.

     

    God help us if iPhone sales ever tank. 

Sign In or Register to comment.