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Apple Reports Record Fourth Quarter Results
iPhone, Apple Watch & App Store Drive Revenue Growth of 22%
CUPERTINO, California October 27, 2015 Apple® today announced financial results for its fiscal 2015 fourth quarter ended September 26, 2015. 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 percent compared to 38 percent in the year-ago quarter. International sales accounted for 62 percent of the quarters revenue.
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.
Fiscal 2015 was Apples 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 its a testament to the tremendous execution by our teams, said Tim Cook, Apples 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.
Apples record September quarter results drove earnings per share growth of 38% and operating cash flow of $13.5 billion, said Luca Maestri, Apples 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.
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|
Apples board of directors has declared a cash dividend of $.52 per share of the Companys common stock. The dividend is payable on November 12, 2015, to shareholders of record as of the close of business on November 9, 2015.
Apple will provide live streaming of its Q4 2015 financial results conference call beginning at 2:00 p.m. PDT on October 27, 2015 at www.apple.com/quicktime/qtv/earningsq415. This webcast will also be available for replay for approximately two weeks thereafter.
The following information was filed by Apple Inc (AAPL) on Tuesday, October 27, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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