Apple Posts $50 Billion Quarterly Revenue, Sells 16 Million iPhones Every Month

Thanks for subscribing!

Apple posted revenue of $49.6 billion and net profit of $10.7 billion during its fiscal 2015 third quarter.

These results compare to revenue of $37.4 billion and net profit of $7.7 billion in the year-ago quarter.

Gross margin was 39.7 percent compared to 39.4 percent in the year-ago quarter.

“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 Tim Cook, Apple’s CEO.

Apple sold more than 47 million iPhones, 11 million iPads, and nearly five million Macs. iPhone and Mac sales are up while iPad sales have stagnated.

“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,” said Luca Maestri, Apple’s CFO. “We generated very strong operating cash flow of $15 billion, and we returned over $13 billion to shareholders through our capital return program.”

Thanks for subscribing!

Thanks for subscribing!