On October 27, Apple’s Press Info posting announced financial results for the fiscal fourth quarter of 2015 that closed on the 26th of September.
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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.
Apple Inc. CEO Tim Cook explained that growth was credited to making big in-roads into emerging markets, and generated a revenue of more than 79 billion dollars and grew 63 percent.
Apple has posted revenue up 22 per cent in the three months to September compared with the same quarter past year.
But investors anxious that China sales dipped from the quarter immediately before it, when Apple notched $US13.2b ($F27b) in revenue there. But its other products aren’t all faring as well, according to its latest earnings report. The figures beat out analysts’ projections of a $51.1 billion profit, marking the 12th straight quarter in which Apple beat earnings’ estimates.
Looking forward, one of the most interesting things to watch will be how Apple’s iPhone sales fare going into 2016.
The company’s share price took a hit after the results because revenue was slightly down on the previous quarter.
“Today we’re reporting a very strong finish to a record-breaking year”, Cook said.
The tech giant reassured its fans that sales will rise during Christmas and the New Year. Apple has a total of 25 China outlets and there are plans to open around 12 more every year, according to Apple spokesperson Luca Maestri.
For its traditional computers, Apple sold an all-time record 5.7 million Macs in the quarter.
However, Apple continued its longstanding trend of disappointing tablet sales. But iPad unit sales fell 20 percent in the quarter to 9.9 million units.
While the iPad was a smashing success following its 2010 introduction, industry experts say consumers aren’t replacing their older models as often as they would upgrade their smartphones.
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He also noted that demand for the iPhone remains strong, and there is plenty of growth left for Apple’s top product. Still a tiny product line in Apple’s terms, but by far and away the most successful smartwatch on the market.
