Apple Posts Record September Quarter with Record iPhone and Mac Sales

| Apple Stock Watch

$AAPLApple posted record revenue and record earnings for the September quarter on Tuesday, beating expectations. The company posted revenue of $51.5 billion, well ahead of last year's $42.1 billion; the company also posted earnings of $11.1 billion, or $1.96 in earnings per share (EPS). Last year's profit was $8.5 billion with EPS was $1.42.

For the fiscal year, Apple posted a staggering $234 billion in revenue, up 28 percent year over year. In a statement, Apple CEO Tim Cook said, "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."

The company said that iPhone sales hit a new record, and attributed Apple Watch for the first time, though the company has yet to specify how many of either device it sold. Apple also said it set a new record for both Mac sales and the company's broader services category.

"Apple's record September quarter results drove earnings per share growth of 38% and operating cash flow of $13.5 billion," Luca Maestri, Apple's CFO, said. "We returned $17 billion to our investors during the quarter through share repurchases and dividends, and we have now completed over $143 billion of our $200 billion capital return program."

Apple provided impressive guidance for the December quarter with revenues between $75.5 and $77.5 billion. The company expects gross margins between 39 and 40 percent, with operating expenses between $6.3 billion and $6.4 billion. Apple's tax rate was guided to 26.2 percent.

Apple will pay a $0.52 dividend per share payable on November 12, 2015.

the company's stock edged lower ahead of the report to close at $114.55 per share, down $0.73 (-0.63 percent), on strong volume of 66 million shares trading hands.

In the after hours market, Apple jumped to $116.63 per share, up 2.08 (+1.82 percent) as of this writing.

*In the interest of full disclosure, the author holds a tiny, almost insignificant share in AAPL stock that was not an influence in the creation of this article.

Popular TMO Stories



Death knell tolls again !!

Sigh :(


Oh…one more thing…

During today’s fourth quarter earnings call, Apple CEO Tim Cook said the company saw its highest rate of Android “switchers” Apple had ever measured in 4Q 2015.

According to Cook, 30 percent of customers who purchased an iPhone were upgrading from an Android-based smartphone, the largest number of switchers it had seen in the three years since it started measuring switching rates. “It’s a huge number and we’re very proud of it,” said Cook.


And tomorrow in stock manipulation news, Apple stock drops $5-10 a share…..

Paul Goodwin

Those numbers are staggering for a non-holiday quarter. That’s like $0.6B in revenue per day! And hooray for Mac sales.


Hmm, I guess the market is NOT deciding to reject Apple’s command and control model. I guess the market as a whole DOES like what Apple is selling!! LMAO.

Congrats to Apple and Tim Cook for another outstanding quarter. Man, I would love to move more into AAPL now but I fear too much of my investments are in AAPL already. But I see no where but up in AAPL’s future.

Paul Goodwin

RonMacGuy - I’m about 25% AAPL. Kinda wish it was more. I’d have to pay about 25% income tax on whatever I drew out of my 401K to buy more, so that’s a big deterrent.


Yep Paul. Not worth touching that 401K, unless you rollover into an IRA which would give you more flexibility.

Log in to comment (TMO, Twitter or Facebook) or Register for a TMO account