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.
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.”
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