Apple just made $US11.1 billion in profit thanks to iPhone sales and growth in China

iPhone sales show no signs of slowing down, and this quarter didn't even include the 6s or 6s Plus.

Apple just beat all expectations for its fourth quarter earnings, coming in with $US11.1 billion in profit on $US51.5 billion in revenue. The iPhone continues to be the company’s moneymaker, with 48.05 million devices sold, up from 39.27 million in the same quarter a year ago. The company made $US32.21 billion in revenue from iPhone sales alone.

“Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28 per cent to nearly $US234 billion,“ Apple CEO Tim Cook said in the earnings press statement. ”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. 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.”

Analysts polled by Fortune were expecting Apple to sell 48.7 million iPhones in the quarter. Analysts also expected Apple to earn $US1.88 per share, up from $US1.42 a share in the same quarter last year. As for revenue, analysts wanted Apple to make $US50.8 billion, while Apple itself expected to pull in $US49 billion to $US51 billion. The company handily beat all of those expectations.

People are dying to know whether Apple’s latest iPhone models sold more than previous generations, but you’re going to have to wait a little longer. Just two days of sales of the iPhone 6s and 6s Plus were included in Apple’s fourth-quarter earnings report, so we won’t know just how popular the new phones are until January, after the holiday sales blitz. Apple already revealed that it sold 13 million iPhones over the launch weekend in September, but only two of those days were included in the earnings report.

In Q1 of 2016, which Apple reports in January, the company is expecting revenue between $US75.5 billion and $US77.5 billion. That would certainly be a solid holiday quarter.

In the meantime, Macs continue to sell, surprising those who expect the desktop computer to fall by the wayside as smartphones saturate the world. Apple sold 5.7 million Macs in Q4, up from 5.5 million in Q4 2014.

A pain point for Apple remains the iPad, which continues to slide. In the fourth quarter, iPad sales declined 20 per cent year-over-year and 10 per cent from Q3 of this year. Apple sold 9.9 million iPads in Q4, down from 12.3 million in Q4 2014. But with the iPad Pro on the horizon, there may still be life in Apple’s tablet line.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags AppleMacsiPhone 6s PlusiPhone 6s

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Caitlin McGarry

Macworld.com
Show Comments

Father’s Day Gift Guide

Brand Post

PC World Evaluation Team Review - MSI GT75 TITAN

"I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it."

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?