Apple reported its third quarter 2015 financial results today, with 47.5 million iPhones and 10.9 million iPads sold. The company posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion, or $1.85 per diluted share. In Q3 2014, Apple had revenue of $37.4 billion and net profit of $7.7 billion, or $1.28 per diluted share. Gross margin was 39.7 percent compared to 39.4 percent a year ago. International sales contributed to 64 percent of this quarter’s revenue.
For Q4 2015, Apple is providing guidance of revenue between $49 billion and $51 billion, and gross margin between 38.5 percent and 39.5 percent. Apple’s earnings call will begin at 5 p.m. Eastern time, and can be heard live on the company’s investor website.
“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. “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.”
“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.”