Click to Skip Ad
Closing in...

Apple beats earnings expectations but future iPhone sales raise concerns

Updated Jan 26th, 2016 4:49PM EST
Apple Earnings
Image: David Sandoz

If you buy through a BGR link, we may earn an affiliate commission, helping support our expert product labs.


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

DON’T MISS: This iPhone 7 concept looks like something Apple may really release

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 Apple TV,” Tim Cook said in a press release. “The growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.”

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.


Yoni Heisler Contributing Writer

Yoni Heisler has been writing about Apple and the tech industry at large with over 15 years of experience. A life long expert Mac user and Apple expert, his writing has appeared in Edible Apple, Network World, MacLife, Macworld UK, and TUAW.

When not analyzing the latest happenings with Apple, Yoni enjoys catching Improv shows in Chicago, playing soccer, and cultivating new TV show addictions.