Posted on 04/27/2015 8:00:34 PM PDT by Swordmaker
Apple today announced financial results for its fiscal 2015 second quarter ended March 28, 2015. The Company posted quarterly revenue of $58 billion and quarterly net profit of $13.6 billion, or $2.33 per diluted share. These results compare to revenue of $45.6 billion and net profit of $10.2 billion, or $1.66 per diluted share, in the year-ago quarter. Gross margin was 40.8 percent compared to 39.3 percent in the year-ago quarter. International sales accounted for 69 percent of the quarters revenue.
The growth was fueled by record second quarter sales of iPhone and Mac and all-time record performance of the App Store.
We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever, said Tim Cook, Apples CEO, in a statement. Were seeing a higher rate of people switching to iPhone than weve experienced in previous cycles, and were off to an exciting start to the June quarter with the launch of Apple Watch.
iPhone: 61.170 million units, $40.282 billion revenue (vs. 43.719 million units (+40%), $26.064 billion revenue (+55%) YOY)
iPad: 12.623 million units, $5.428 billion revenue (vs. 16.350 million units (-23%), $7.610 billion revenue (-29%) YOY)
Mac: 4.563 million units, $5.615 billion revenue (vs. 4.136 million units (+10%), $5.519 billion revenue (+2%) YOY)
Services: $4.996 billion revenue (vs. $4.573 billion revenue (+9%) YOY) (includes revenue from the iTunes Store, App Store, Mac App Store, iBooks Store, AppleCare, Apple Pay, licensing and other services.)
Other Products: $1.689 billion revenue (vs. $1,880 billion revenue (-10%) YOY) (includes sales of iPod, Apple TV, Beats Electronics and Apple-branded and third-party accessories.)
The tremendous customer demand for our products and services in the March quarter drove revenue growth of 27 percent and EPS growth of 40 percent, said Luca Maestri, Apples CFO, in a statement. Cash flow from operations was also outstanding at $19.1 billion.
Apple is providing the following guidance for its fiscal 2015 third quarter:
revenue between $46 billion and $48 billion
gross margin between 38.5 percent and 39.5%
operating expenses between $5.65 billion and $5.75 billion
other income/(expense) of $350 million
tax rate of 26.3%
Apple will provide live streaming of its Q2 2015 financial results conference call beginning at 2:00 p.m. PDT on April 27, 2015 at www.apple.com/quicktime/qtv/earningsq215.
The consensus estimate from analysts polled by Thomson Reuters calls for Apple to report earnings of $2.16 a share on revenue of $56.08 billion. In the second quarter last year, the company posted earnings of $1.66 a share, which beat analysts’ expectations of $1.46 a share. Revenue of $45.646 billion beat the consensus estimate of $43.563 billion. In January, Apple said sales would total between $52 billion and $55 billion for the three-month period, and gross margin would fall between 38.5% and 39.5%.
The non-GAAP whisper number is $2.31 a share, indicating even more positive underlying sentiment.
MacDailyNews Take: Boom!
AAPL After Hours: $135.03, up $2.38 (+1.79%) @ 4:33PM EDT
So much for all the gloom and doomers. Apple seems to be making doubters look silly.
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They definitely look silly. And yet they come back and look silly all over again. They have no grasp on reality ... :-) ...
Just Amazing !!!
I own some Apple stock but not enough : )
I bought last year just before the 7-1 stock split.
My cousins recently inherited each quite a sum of money and I pointed out that if they owned Apple when it was $109 in Jan 2015, that a month later with what they each had, they could have made an extra $220,000 when it hit $133. One month. Nearly a quarter of a million extra dollars.
They are being conservative with the money but I pointed out so am I. Buy Apple. It will go up and up. Hopefully the Apple ceo and board won’t be dumb and decide to save the planet or something.
I don’t prefer Apple products but I love Apple stock.
They Didn’t Build That!!!
Where’s my share?
I use to box....
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Apples and Oranges....
iPad sales dropped. Sell your AAPL shares. It’s over.
A mirror is a good indication of reality sometimes Star Hustler.
Yes, yes, nevermind all that, gimme a Zune.
Lovely color, brown.
#13 Sheldon - Apple iPod Opinion
https://www.youtube.com/watch?v=3elnTOhOjU8
If someone had purchased AAPL in 12/97, the split adjusted cost would be $0.47 per share.
What did a Big Mac cost in ‘97? Anyone you know buy one?
A MacDonald's Big Mac was $1.99 in 1997. . .
An Apple PowerMac basic model was $2495
Yes, to both.
Yes, I bought a Big Mac just yesterday. They were much better in '97.
So, why isn’t Apple Manufacturing in America? They’re Rich.
Exactly!
When I had to buy a replacement for my Palm PDA, and I didn't need a cell phone, I ended up buying an iPod Touch. But since I never was an Apple product fan, I figured that if I bought Apple stock and it went up, at least that would pay for my iPod Touch.
My $15K investment in Apple has more than doubled. That's paid for all of our electronics!
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