Apple revenues up 22% on strong growth in China

Nieuws Mobiel Wereld 27 OCT 2015
Apple revenues up 22% on strong growth in China
Apple reported revenues for its fiscal fourth quarter up 22 percent year-on-year to USD 51.5 billion, just beating its outlook of USD 49-51 billion for the quarter. The growth was led by a doubling of sales in the Greater China region, to USD 12.5 billion. Net profit in the three months to September rose to USD 11.1 billion from USD 8.5 billion a year ago, and EPS was up 38 percent to USD 1.96 per share. The company's gross margin improved to 39.9 percent from 38.0 percent a year ago and was also better than expected. Apple revenues per region (Q4 FY13 - Q4 FY15)

Apple shipped 48.05 million iPhones in the quarter, up 22 percent from a year earlier and 1 percent more than in the previous quarter. iPad shipments were down 20 percent year-on-year and 10 percent lower on a sequential basis to 9.88 million units, while Mac computer sales improved 3 percent annually and were 19 percent higher on a quarterly basis. Revenues from other products, which includes Apple TV, Beats, the Apple Watch and the iPod, rose 61 percent from a year ago to USD 3.1 billion, and services revenue was up 10 percent to USD 5.1 billion. 

Following the launch of the latest iPhone in late September, Apple forecast a strong calendar Q4. Quarterly revenues are expected to grow to USD 75.5-77.5 billion, and the gross margin is estimated at 39-40 percent. The company maintained its quarterly dividend at 52 cents a share. 

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