Apple's CEO TIm Cook and Chief Design Officer Jony Ive - Photo by Gadjo Cardenas SevillaApple just announced its record breaking quarterly revenue of $51.5 billion (US) and quarterly net profit of $11.1 billion. Backed by the strong iPhone 6S sales (including sales in China), sustained Mac sales and undeclared sales of the Apple Watch, Apple continues to ride high in terms of devices, services and ecosystems.
Apple started their earnings call with news that they had a quarterly revenue of $51.5 billion (US) and quarterly net profit of $11.1 billion (US), or $1.96 (US) per diluted share. This is despite weakened economies in many countries.
This compares to a revenue of $42.1 billion (US) and net profit of $8.5 billion (US), or $1.42 (US) per diluted share, in the year-ago quarter. Gross margin was 39.9 percent compared to 38 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue. Apple CEO Tim Cook also noted that Apple's enterprise play, was gaining momentum, specially its collaboration with former rival IBM.
The growth was fueled by record fourth quarter sales of iPhone, the expanded availability of Apple Watch, and all-time records for Mac sales and revenue from services. Sales of the iPad, which hasn't seen a massive update since last year (not including the iPad Pro which is shipping next month), continued to fall by 19 per cent.
“Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28% 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,” said Tim Cook, Apple’s CEO. “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.”