Apple this year also released a “Move to iOS” app for Android that makes the migration over to the world of all things iOS much more seamless of a process.
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Apple has grown so far beyond the size of any other major corporation that its success can only be judged against the very high bar that the company has already set for itself.
Morningstar analyst Brian Colello said the forecast was slightly below expectations but investors were pricing in a worse outcome, which was why the stock rose after hours. “It gets harder to show growth”.
Net profit: Apple’s overall net profit increased to $11.1 billion for the quarter, from $8.4 billion profit in the same quarter a year ago.
“Smartphones are nearly like a small tablets these days and they’re probably eating into sales”, said Dr. Aaltonen, who was a former digital designer at Nokia and has studied at Apple. Unit sales fell 20 percent to 9.88 million, and dollars fell 20 percent to $4.28 billion.
The tech giant now has 25 outlets in China and will soon launch a new one every month in a market that supplies around 25 percent of its total sales.
Apple today announced financial results for the third calendar quarter and fourth fiscal quarter of 2015, setting a number of company records.
Once again, Apple just made a whole lotta moolah.
In the last three months it sold a whopping 48 million iPhones. Gross margin was 39.9 percent compared to 38 percent in the year-ago quarter.
Full-year revenue was at $233.7 billon.
Apple is looking to diversify into other services such as its streaming music service and Apple Pay, and its new streaming television devices.
Speaking to the press after the announcement, Apple CEO Tim Cook said that he was not concerned about an economic slowdown in China. Note that this decrease is not due to worldwide markets making less money, they are making Apple more money than ever before, however, the United States sales have increased at a greater rate. The iPhone contributed more than 60 percent of its revenues for the past quarter.
Apple still won’t say how many smartwatches it has sold since introducing the new product last spring.
The strong finish comes after double-digit growth in profit and revenue in the first three fiscal quarters of the year.
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On the company’s earnings call Tuesday afternoon, Cook was asked if he saw any slow down in China. “In technology, there are the quick and the dead, so Apple needs to be on the side of the quick”.
