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.
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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: expand full story
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: expand full story
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: expand full story