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Apple`s 4Q 2015 results: $11.1 billion profit on $51.5 billion revenue

Apple`s 4Q 2015 results: $11.1 billion profit on $51.5 billion revenue

Posted October. 29, 2015 08:08,   


Earlier than usual release of Samsung’s Galaxy Note 5 and Chinese rivals’ strong catch up efforts were not sufficient enough to discourage Apple, which has recorded the biggest annual profit in corporate history.

Apple announced Tuesday (local time) that it again posted record-high revenues in fiscal year ended September. Revenue was 51.55 billion dollars, up 22.3 percent from 42.12 billion dollars a year earlier, beating analysts’ expectations of 51.11 billion dollars. Quarterly net profit rose to 11.12 billion dollars, up 31 percent.

Apple sold 48.04 million iPhones in fiscal fourth quarter, up 36 percent from 39.27 million units a year earlier. The growth was fueled by iPhone 6 and 6 Plus that went into sale in September last year, which accounted for almost all of total sales. iPhone 6s and 6s Plus, released September this year, accounted for a small chunk.

The tech company with Chinese characteristics posted revenue of 12.5 billion dollars in China, Hong Kong and Taiwan, an increase of 99 percent year-on-year.