Apple Earnings Summary – 2015 FQ4

Apple earnings for 2015 Fiscal Q4 handily beat Wall street estimates.

This is in contrast to many predictions of a major slowdown in iPhone sales which account for 63% of total revenue.

Recap

The Company posted vs. year ago quarter:

  • quarterly revenue of $51.5 billion vs. $42.1 billion – up 21%
  • quarterly net profit of $11.1 billion vs. $8.5 billion – up 31%
  • $1.96 per diluted share vs. $1.42 – up 38%
  • Gross margin of 39.9 percent vs. 38 percent
  • International sales accounted for 62 percent of the quarter’s revenue.
  • iPhone sales were 48 million vs. 39 million – up 23%
  • Mac sales were 5.7 million – a new record

“Apple’s record September quarter results drove earnings per share growth of 38% and operating cash flow of $13.5 billion,” said Luca Maestri, Apple’s CFO. “We returned $17 billion to our investors during the quarter through share repurchases and dividends, and we have now completed over $143 billion of our $200 billion capital return program.”

December Quarter

More important for some was the outlook for the upcoming quarter. Apple’s press release noted:

Apple is providing the following guidance for its fiscal 2016 first quarter:

  • ▪revenue between $75.5 billion and $77.5 billion
  • ▪gross margin between 39 percent and 40 percent
  • ▪operating expenses between $6.3 billion and $6.4 billion
  • ▪other income/(expense) of $400 million
  • ▪tax rate of 26.2 percent
Advertisements

Your comments are appreciated.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s