Fourth quarter revenue up almost a quarter to $51.5 billion with net profit jumping $2.6 billion from last year
Apple has reported record results for Q4, with revenue and iPhone sales jumping 22 per cent from a year ago.
For the three months ending September 26, the manufacturer posted revenue of $51.1 billion and net profit of $11.1 billion. This compared to revenue of $42.1 billion and net profit of $8.5 billion in the year-ago quarter.
Gross margin was 39.9 per cent compared to 38 per cent in the same three month period last year. International sales accounted for 62 per cent of the quarter’s revenue, with the greatest jump seen in China, with revenue doubling to $12.52 billion.
Apple said it sold 48 million iPhones on revenue of $32.2 billion – up 22 per cent and 36 per cent respectively. This was despite the iPhone 6s and 6s Plus only being on sale for two days in 12 countries before the quarter closed.
However, sales and revenue made from the iPad continue to fall. Apple sold 9.88 million units in the quarter on revenue of $4.28 billion – both down 20 per cent from the same year-ago quarter.
Apple CEO Tim Cook (pictured) said: “Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28 per cent to nearly $234 billion.
“We are heading into the holidays with our strongest product line up yet, including iPhone 6s and 6s Plus, Apple Watch and an expanded lineup of cases and bands, the new iPad Pro and the all-new Apple TV, which begins shipping this week.”
Looking ahead to its next quarter, Apple is expecting revenue to be between $75.5 billion and $77.5 billion, with gross margin between 39 and 40 per cent.