Apple posted quarterly net profit of $11.1 billion during Q4.
By Sreejith Vallikunnu
Tech giant Apple Inc announced the financial results for its fiscal 2015 fourth quarter ended September 26, 2015. According to a press release, 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.
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, the statement said.
The company said it sold 48 million iPhones in the quarter earning $32.20 billion in revenue. Apart from that, 9.83 million iPads and 5.70 million Mac were also sold.
Apple’s sales in Greater China for the quarter nearly doubled from a year ago to $12.52 billion. The company reported $21.77 billion revenue from America, $10.58 billion from Europe, $3.93 billion from Japan and $2.70 billion from the rest of Asia Pacific.
Apple CEO Tim Cook said, “Fiscal 2015 was Apple’s 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 it’s a testament to the tremendous execution by our teams.”
“We are heading into the holidays with our strongest product line-up yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded line-up of cases and bands, the new iPad Pro and the all-new Apple TV which begins shipping this week,” he added.
“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.”
The company said it expects overall revenue of $75.5 billion to $77.5 billion in this year’s December quarter.