Apple announced the financial results for its fiscal 2015 third quarter on a conference call, Tuesday, 21 July at 2pm Pacific Time. The report conference call features results for the quarter that began on 29 March and ended on 28 June.
Apple reported Tuesday their quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion, or $1.85 per diluted share. Generally, Apple sold 47.5 million iPhones, 10.9 million iPads, 4.8 million Macs while the varied Other category is valued $952 million. These results compare to revenue of $37.4 billion and net profit of $7.7 billion, or $1.28 per diluted share, in the year-ago quarter.
Apple was prompt to say that the growth was fueled by record third quarter sales of iPhone and Mac, all-time record revenue from services and the successful launch of Apple Watch with 64 percent of the quarter's revenue accounted for international sales.
Apple CEO Tim Cook is more delighted than ever, being so proud on how their products are performing in the market. "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 Cook. "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.", he added.
Moreover, Apple's CFO Luca Maestri was proud to say, "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". He pointed out, "We generated very strong operating cash flow of $15 billion, and we returned over $13 billion to shareholders through our capital return program."
Meanwhile, prior to the Tuesday report, varied speculations from experts abound the business and financial world in relation to the expected Apple revenue this quarter. Macworld UK recalled Apple's forecast for Q3 was revenue of between $46 billion and $48 billion, up from $37.4 billion in the same quarter last year. Analysts, on the other hand, predict a higher quarter profit of $50.61bn on average, which would represent a 34.6 percent year-over-year increase. Apple didn't quite hit that target, but it's close enough, though.
Interestingly, Apple Inc. shares dropped in the extended session Tuesday, shaving off more than $50 billion in market cap, after the tech giant reported quarterly earnings, Marketwatch reported.
Well, it's the stock market. Anything can happen in any given day. And that's another story. In the meantime, let's congratulate Apple for a job well-done this quarter.
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