just posted its earnings for its 2015 holiday quarter and delivered an interesting report to say the least. Specifically, Apple posted revenue of $75.9 billion, setting an all-time quarterly record in the process. Meanwhile, Apple’s quarterly profits checked in at $18.4 billion while EPS for the quarter checked in at $3.28, easily besting the consensus on Wall Street.
Leading up to Apple’s earnings announcement, analysts were anticipating Apple’s quarterly revenue to check in at $76.6 billion, with quarterly profits and EPS checking in at $18.2 billion and $3.23, respectively.
By way of comparison, Apple during the same period a year-ago posted revenue of $74.6 billion, a profit of $18 billion, and EPS of $3.06
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On the product front, iPhone sales checked in at 74.8 million, just slightly below Wall Street expectations of 75 million. Still, the figure was good enough to set yet another iPhone sales record. As for other products in Apple’s lineup, iPad and Mac sales checked in at 16.12 million and 5.31 million respectively. Analysts were hoping for sales of 17.3 million iPads, and 5.8 million Macs. Year over year, Mac sales were down 4% while iPad sales were down 25%.
Per usual, no Apple Watch sales figures were divulged.
“Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and
With respect to Apple’s cash position, Apple CFO Luca Maestri said that the company “generated operating cash flow of $27.5 billion during the quarter.”
Looking forward to Apple’s March quarter, the company anticipates revenue to fall in the $50 billion to $53 billion range, an estimate which likely points to a decline in iPhone sales year over year.
Developing…
