Apple Reports Record Fourth Quarter Results
Apple has announced financial results for its fiscal 2015 fourth quarter ended 26 September. The company posted quarterly revenue of $51.5 billion and quarterly net profit of $11.1 billion, or $1.96 per diluted share. These results compare to revenue of $42.1 billion and net profit of $8.5 billion, or $1.42 per diluted share, in the year-ago quarter. Gross margin was 39.9 per cent compared to 38 per cent in the year-ago quarter. International sales accounted for 62 per cent of the quarter’s revenue. The growth was fuelled by record fourth quarter sales of iPhone, the expanded availability of Apple Watch and all-time records for Mac sales and revenue from services. “Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28 per cent 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 line-up yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded line-up of cases and bands, the new iPad Pro and the all-new Apple TV which begins shipping this week.”