Apple’s Record 4Q 2015 Results: $11.1 Billion Profit on $51.5 Billion Revenue

Apple today announced financial results for the third calendar quarter and fourth fiscal quarter of 2015, setting a number of company records. For the quarter, Apple posted revenue of $51.5 billion and net quarterly profit of $11.1 billion, or $1.96 per diluted share, compared to revenue of $42.1 billion and net quarterly profit of $8.5 billion, or $1.42 per diluted share in the year-ago quarter.

Gross margin for the quarter was 39.9 percent compared to 38 percent in the year-ago quarter, with international sales accounting for 62 percent of revenue. Apple also declared an upcoming dividend payment of $0.52 per share, payable on November 12 to shareholders of record as of November 9. The company currently holds $205.6 billion in cash and marketable securities.

For the quarter, Apple sold 48 million iPhones, up from 39.2 million in the year-ago quarter. iPad sales were down to 9.9 million from 12.3 million in the fourth quarter of 2014, and Mac sales rose to 5.7 million from 5.5 million.

For the full fiscal year, Apple generated $233.7 billion in sales, a new record for the firm, with $53.4 billion in net income.

“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 guidance for the first quarter of fiscal 2016 includes expected revenue of $75.5-77.5 billion and gross margin between 39 and 40 percent.

Apple will provide live streaming of its fiscal Q4 2015 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Conference Call and Q&A Highlights are available in reverse chronological order after the jump.

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It’s about time! Apple Watch is named ‘Gadget of the Year’

Apple Watch just racked up another well-deserved award win — being named the year’s best gadget at top U.K. consumer technology event, the T3 Awards. “Once again Apple have produced a product that has galvanized a market,” said T3 editor Rob Carney. “In a year of outstanding new products, this stood out to all of […]

(via Cult of Mac – Tech and culture through an Apple lens)


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Spotify will make you pay for music by destroying its free plan

Spotify is planning to introduce a new “gated access” model that will make its free streaming plan a lot less attractive, according to a new report. Those who choose to opt out of paying for the service could see it become extremely limited, with access to just one or two songs from big album releases. […]

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Everything you need to know about Apple earnings for Q3 2015

We didn’t get Apple Watch numbers, but Tim Cook and Luca Maestri delivered plenty of good news about Apple’s current financials and future prospects during Tuesday’s earnings call. Amid all the canned statements and bewildering biz speak, they dropped some…Read more ›

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Apple Updates GarageBand for Mac With New Electronic/Hip Hop Synths and Drummers [Mac Blog]

Following the launch of Apple Music, Apple today updated GarageBand for Mac to version 10.1, adding new features and a huge amount of new content for musicians and sound makers to work with. The update to GarageBand was first announced in mid-June.

The update brings 10 new Drummers with beats appropriate for electronic music and Hip Hop styles like House, Trap, Techno, and Dubstep, plus it adds more than 100 EDM and Hip Hop-inspired synth sounds, each of which includes Transform Pad Smart Control for tweaking sounds to each user’s personal taste. There are also 1,000 new Apple Loops made from a wide variety of instruments.

Today’s update brings support for the Force Touch trackpad when GarageBand is used with the MacBook or new MacBook Pros, and it includes a new feature that lets music be shared directly to Apple Music Connect, Apple’s new social networking platform aimed at artists.

-10 new Drummers that produce beats in a variety of electronic music and Hip Hop styles including House, Trap, Techno, Dubstep and more
– Over 100 EDM and Hip Hop-inspired synthesizer Patches featuring the new Transform Pad Smart Control for sound morphing
– Record the movements of software instrument Smart Controls to capture performances of effect and tone adjustments
– 1,000 new Apple Loops from a variety of popular instruments and genres including EDM, Hip Hop, Indie, Disco, Funk, and Blues
– Share directly from GarageBand to Apple Music Connect
– Adds support for Force Touch trackpad
– Resolves an issue which prevented the export of long recordings
– Contains multiple enhancements to Accessibility

Apple has also released a minor update for its GarageBand app for iOS, introducing bug fixes and the ability to share music directly from the app to Apple Music Connect.

GarageBand for Mac can be downloaded from the Mac App Store for $4.99. [Direct Link]

GarageBand for iOS can be downloaded from the App Store for $4.99. [Direct Link]



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