Apple on Tuesday posted its [fiscal] fourth quarter earnings for 2015, offering a look at its performance over the past 3 months. The company shattered most of its sales figures from the same year-ago quarter, but came in under Wall Street expectations in the most important category: iPhone sales.
Analysts were expecting Apple to sell 48.5 million smartphones during Q4, but it fell a bit short at 48.05 million. And although market watchers anticipated lower-than-last-year iPad numbers, the firm came in under tablet sales projections as well. Keep reading for a full breakdown of the numbers.
Q4 2015 numbers compared to figures from the same quarter in 2014.
- Revenue: $51.5 billion versus $42.12 billion
- iPhones: 48.05 million versus 39.3 million
- iPads: 9.88 million versus 12.3 million
- Macs: 5.71 million versus 5.5 million
And here are some comments on the earnings from Tim Cook and Luca Maestri, Apple’s CFO:
“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,” said Tim Cook, Apple’s 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.”
“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.”
Although Apple may not have impressed Wall Street in Q4, it put up some staggering numbers, and once again set itself up for a monster holiday quarter. With two new iPhones, Macs, the Apple Watch, an all-new iPad and Apple TV, the company is going to have some great options for gifts this year.
Apple has posted its [fiscal] second quarter earnings report for 2015 this afternoon, and they are impressive. The Cupertino company beat Wall Street estimates, recording $58.01 billion in revenue on the back of strong iPhone sales.
More than 61 million iPhones were purchased during the usually-slow, post-holiday second quarter. That’s over 4 million above analyst estimates, and it looks like the handset did particularly well in China—up 72% year-over-year.
Here is a breakdown of the numbers this year, vs. Q2 in 2014:
- Revenue: $58.01 billion vs. $45.6 billion last year
- iPhone units: 61.2 million vs. 43.7 million last year
- iPad units: 12.62 million vs. 16.35 million last year
- Mac units: 4.56 million vs. 4.1 million last year
And here are some comments from CEO Tim Cook and CFO Luca Maestri:
“We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever,” said Tim Cook, Apple’s CEO. “We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles, and we’re off to an exciting start to the June quarter with the launch of Apple Watch.”
“The tremendous customer demand for our products and services in the March quarter drove revenue growth of 27 percent and EPS growth of 40 percent,” said Luca Maestri, Apple’s CFO. “Cash flow from operations was also outstanding at $19.1 billion.”
There seems to be a trend developing in Apple’s recent earnings reports: the iPhone surprises with stronger-than-expected sales while iPad sales continue to dwindle. Mac sales still look good, especially in an overall-down PC market.
Apple on Thursday announced that the first week of January set a new record for billings from the App Store, with customers around the world spending nearly half a billion dollars on apps and in-app purchases. It also revealed New Year’s Day 2015 marked the single biggest day ever in App Store sales history, as customers presumably used gift cards and took advantage of App Store sales.
“This year is off to a tremendous start after a record-breaking year for the App Store and our developer community,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “We’re so proud of the creativity and innovation developers bring to the apps they create for iOS users and that the developer community has now earned over $25 billion.”
Furthermore, Apple announced it had a record-breaking 2014. The Cupertino-based company says billings rose 50 percent and apps generated over $10 billion in revenue for developers. App Store developers have earned a cumulative $25 billion from the sale of apps and games.
Apple launched a new website on Thursday, showing the jobs created by its ecosystem. It says more than one million jobs have been created to support Apple in the US.
Apple also bragged about its help in Global Fund to fight AIDS, saying it donated a $20 million this quarter, and since partnering with (RED) has donated over $100 million.
While there weren’t any new details for Apple Pay, the company reiterated that more banks and credit unions continue to add support for Apple Pay and it now represents about 90 percent of credit card purchase volume in the US.
As expected, Apple is out with its financial report for Q2 2014 this afternoon. In a press release issued just a few moments ago, Apple announced that it sold 43.7 million iPhones, 16.3 million iPads, and pulled in $45.6 billion in revenue during its fiscal Q2.
Other than iPad sales, Apple beat the Street estimates by a wide margin. The Cupertino company also announced an accelerated strategy for its stock buyback plans, adding an additional $30 billion to the pot (for a total of $90 billion), as well as a 7-1 stock split…
Here is the full breakdown of Apple’s Q2 earnings:
- iPhones: 43.7 million versus 37.7 million expected
- iPads: 16.35 million versus 19.7 million units expected
- Macs: 4.1 million versus 4.03 million expected
- iPods: 2.76 million versus 2.99 million expected
- Revenue: $45.6 billion versus $43.6 billion expected
And here are some comments from CEO Tim Cook and CFO Peter Oppenheimer:
“We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Tim Cook, Apple’s CEO. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”
“We generated $13.5 billion in cash flow from operations and returned almost $21 billion in cash to shareholders through dividends and share repurchases during the March quarter,” said Peter Oppenheimer, Apple’s CFO. “That brings cumulative payments under our capital return program to $66 billion.”
The last time Apple split its stock was back in 2005. Shareholders will receive six additional shares for each share they hold and the share price will drop to around $80. The company also increased the dividend by 8% per share, and says it plans to do so yearly.
We’re now less than a week away from the end of Apple’s current quarter (January-March), and the company is expected to have sold around 38 million iPhones during the three month period. If true, the Cupertino firm has ventured into elite territory.
According to a Forbes report, Apple had sold around 472 million iPhones heading into its Q2 2014. And if its iPhone sales for the quarter come anywhere close to projections, it will mean that the company has [quietly] passed the 500 million iPhone mark…
Here’s Forbes’ Mark Rogowsky with more:
Apple has been known to mark big numerical milestones, celebrating the 50 billionth download from its App Store last May and the 30th anniversary of the Mac earlier this year. But it appears to have quietly let a big one pass within the last few weeks as somewhere on earth, the 500 millionth iPhone was sold. Despite much consternation in the media that the high-end of the market is reaching saturation, this data point demonstrates that iPhone sales continue to accelerate for Apple even if the rate of that acceleration is less breathtaking than it had been in the past.
The consensus seems to be that the 500 millionth iPhone would have been sold sometime around March 8, given the 472 million iPhones Apple had sold before the quarter and the 38 million it’s believed to have sold during the period. The math checks out.
Even though Apple didn’t announce it, the milestone is significant—particularly because the current narrative seems to be that iPhone sales are slipping due to the unsuccessfulness of the 5c and folks holding out of the oft-rumored, larger-display iPhone 6.
We should find out more about Apple’s iPhone sales during its Q2 earnings call, which is likely scheduled for late next month.