Apple has refreshed its entire iPod lineup and we’re discussing all of the details along with what to expect later this year. New hardware is expected, but aside from an iPhone what will Apple launch? Along with that, developers now have access to a new iOS 9 beta plus watchOS 2 beta and we discuss Apple’s latest earnings call. The Happy Hour podcast is available for download on iTunes and through our dedicated RSS feed.
Apple earlier today reported its Q3 2015 earnings, and while the company’s stock has taken an after-hours dive, the numbers were generally strong. Apple reported that it had sold 47 million iPhone units and 10.9 million iPad units in the quarter, combining for a total of 57.9 million iOS devices, not including the iPod touch. As noted by Benedict Evans of a16z, Apple’s sales last quarter mean that iOS sales are now matching those of Windows PCs.
Apple isn’t breaking out Apple Watch sales or revenue during today’s fiscal third quarter earnings report (the three month period that ended in June). While that’s not a surprise— Apple said previously it wouldn’t disclose Apple Watch numbers for competitive reasons— today we did get our first official glimpse at how the Apple Watch sold during its launch. The math plus some hints from Tim Cook himself hints that Apple Watch sold over $1.4 billion in revenue: Read more
Apple just announced its fiscal third quarter earnings and as usual offered some stats on progress since last checking in. Among the notables: the company’s revenue in China is up 112%, it returned $13 billion to shareholders through its capital return program, and it sold a record number of iPhones and Macs during the quarter. The company, citing its own research, noted that users switching from Android to iPhone was at an all-time high, while giving us some insight into Apple Watch usage. Head below for the full roundup of numbers from today’s earnings call: Read more
Right on schedule, Apple has shared its Q3 2015 earnings results reporting revenue of $49 billion and $10.7 billion in profit during the April to June period. Notably, the company’s Q3 period is the first that includes initial Apple Watch sales as the device first launched on April 24th.
Apple® today announced financial results for its fiscal 2015 third quarter ended June 27, 2015. The Company posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion, or $1.85 per diluted share. These results compare to revenue of $37.4 billion and net profit of $7.7 billion, or $1.28 per diluted share, in the year-ago quarter. Gross margin was 39.7 percent compared to 39.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.
While Apple isn’t specifically breaking out Apple Watch sales (or iPod sales for that matter), the company does disclose iPhone, iPad, and Mac sales by unit:
- iPhone: 47 million units
- iPad: 10.9 million units
- Mac: 4.7 million units
While Apple isn’t breaking out Apple Watch or Beats numbers, the ‘other services’ which includes those categories as well as iPods and Apple TV reports $2.6 billion in revenue.
Apple CEO Tim Cook said this about the company’s Q3 results:
“We had an amazing quarter, with iPhone revenue up 59 percent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch,” said Tim Cook, Apple’s CEO. “The excitement for Apple Music has been incredible, and we’re looking forward to releasing iOS 9, OS X El Capitan and watchOS 2 to customers in the fall.”
Luca Maestri, Apple’s chief financial officer, added this:
“In the third quarter our year-over-year growth rate accelerated from the first half of fiscal 2015, with revenue up 33 percent and earnings per share up 45 percent,” said Luca Maestri, Apple’s CFO. “We generated very strong operating cash flow of $15 billion, and we returned over $13 billion to shareholders through our capital return program.”
Today’s Q3 results follow last quarter’s $58 billion in revenue and 61.1 million iPhones sold, 12.6 million iPads sold, and 4.5 million Macs sold globally. During the same quarter a year ago with the iPhone 5s at the top of the lineup, Apple reported $37.4 billion in revenue and 35.2 million iPhones sold, 13.2 million iPads sold, and 4.4 million Mac sales. Apple reported $13.6 billion in profit last quarter and $7.7 billion during the same quarter a year ago.
The company’s quarterly conference call is scheduled for 2 PM Pacific/5 PM Eastern to discuss today’s results. Stay tuned for our live coverage of the call. Both Cook and Maestri usually review the quarterly results before fielding questions from analysts. With the first Apple Watch sales included in today’s report, the new device is sure to be a major topic of the call.
Apple’s complete Q3 earnings report is below: Read more
With Apple due to report its fiscal Q3 (calendar Q2) earnings later today, Fortune notes that the company has beaten Wall Street expectations for eight straight quarters – and strong iPhone sales mean that today’s earnings report is likely to make it nine.
iPhone sales typically drop in June as consumers hear more rumors about the next model and many decide to wait. But with Q3 sales estimated at close to 50M phones, representing a massive 40% year-on-year increase, that would put Apple’s revenue well in excess of the company’s own guidance of $47B and above the Wall Street consensus estimate of $49.5B … Read more
Since its launch, Apple Watch sales estimates have either shown it as doing incredibly well, or that it’s doomed to failure. Tim Cook hasn’t announced any figures yet, and may not even report them during tomorrow’s quarterly earnings call. But that won’t stop analysts guessing. If recent “estimates” are anything to go by, the financial wizards in charge of looking in to these numbers have no idea what’s going on. Estimates are all over the place… Read more
Apple has just announced that its fiscal third quarter earnings call will take place on Tuesday, July 21st at 2PM PT/5MP ET. The call will report earnings from the three month period ending this month.
Last quarter, Apple announced sales of 61.1 million iPhones, 12.6 million iPads, and 4.5 million Macs. The company reported revenue of $58 billion, including $13.6 billion in profit. Apple didn’t disclose sales for the Watch last quarter, and it seems unlikely that the company will do so this quarter either.
Apple will be hosting a conference call with investors and press and will also live stream audio from the call on its website, which of course we will have live coverage of. The live broadcast of the call will be available here on Apple’s website.
As promised, Apple will hold its quarterly conference call with investors and analysts at 2 p.m. PT/5 p.m. ET to discuss its fiscal year 2015 second quarter results. These numbers include sales of 61.1 million iPhones, 12.6 million iPads, and 4.5 million Macs. Apple also reported $58 billion in revenue during FY 2015 Q2. During the latter half of the call, analysts and investors will have the opportunity to ask Tim Cook and company questions regarding today’s results and Apple’s future. While today’s earnings do not include Apple Watch sales and Apple doesn’t plan to disclose sales numbers, expect Tim Cook to at mention the company’s latest device. Stay tuned for our live coverage below:
Apple’s stock soared the day after the company reported its record breaking quarter with over $74 billion in revenue and more than 74 million iPhones sold, and now Apple’s stock has reached a new all-time high during trading. The company briefly touched on $120/share during trading this morning and is on track to break its previous record closing high soon. Read more
Today during Apple’s Q1 earnings call with investors, CEO Tim Cook announced that the company sold its billionth iOS device back in November. Read more
Ahead of Apple’s fiscal Q1 2015 earnings report today, there were signs that Apple had enjoyed significant growth in China and a record number of smartphone sales in the region during the holidays. Today, we get some more insight into that growth, as Apple reported a 157% increase from the previous quarter: revenue of $16.144 billion in Greater China compared to $6.292 billion in Q3. Read more