“We need to see how much of a tick down we get in March”, Lamba said. And in a crucial indicator, Apple forecast healthy iPhone sales during the upcoming holidays.
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The company said it sold 48 million iPhones in the quarter earning $32.20 billion in revenue. The current quarter is the first one when Apple will have to face direct year-over-year comparisons with iPhone 6 sales. That’s about what analysts expected. Apple sold over 300 million devices including 231 million iPhones, 55 million iPads and 21 million Macs in the last 12 months.
Cook said that China’s economic slowdown seems to have no effect on the customers demand for iPhone and Apple products.
Tim Cook, Apple’s CEO, commented: “Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28% to almost $234 billion”.
Mac: Sales in the quarter rose a meager 3 percent in units and 4 percent in dollars to 5.71 million and $6.88 billion, respectively. In the fiscal, Apple’s business improved significantly in the emerging markets, which contributed over $79 billion in revenues, up 63% from the past year despite unfavorable currency translations. The results exceeded Wall Street estimates.
According to 9to5Mac, the new Apple TV will be available in Apple Stores starting on Friday, October 30, which makes sense, considering that’s the earliest delivery date that Apple mentions when ordering online. So-called underlying replacement-cost profit, BP’s preferred measure of performance, fell 40 percent to $1.82 billion. Their median price target is $150. That’s up 10 percent from a year earlier. These numbers are less relevant, however, than two others: a drop in quarter-on-quarter sales in Greater China and an erosion of Apple’s overall market share there.
In August, ChangeWave measured a 97 percent consumer satisfaction rate for iPad Air 2 and among consumers planning to purchase a tablet within 90 days, 70 percent tried to purchase an iPad. Earnings amounted to $1.96 cents a share.
Geek Wire reported that Apple’s third quarter sales reached over $51 billion, while its income figures was placed at more than $11 billion. That’s an increase of just 3 percent. Apple followed up its first large-screen iPhones with a pair of new releases in late September.
The tech titan is continuing to show the world the stuff that it’s made of, reporting yet another record quarter spurred by sales of the iPhone 6s and 6s Plus last month. But analysts have questioned whether the company could duplicate that success.
Apple’s balance sheet remains strong with cash and cash equivalents (and short-term marketable securities) of $41.6 billion at the end of fiscal 2015 compared with $25.1 billion at the end of fiscal 2014.
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Twitter Inc. posted better-than-expected quarterly revenue and adjusted profit.
