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Apple beats on huge iPhone sales, but iPad sales continue to tank

October 27th, 2015 at 4:33 PM
Apple Earnings October 2015

Apple today released its earnings for the September quarter and delivered a profit of $11.1 billion on the back of $51.5 billion in revenue. Earnings wise, Apple’s EPS checked in at $1.96 per diluted share.

Leading up to Apple’s earnings announcement, the consensus on Wall St. was for Apple to deliver revenue of $50.98 billion and EPS of $1.88 per share.

By way of comparison, Apple during the same quarter a year-ago posted a profit of $8.5 billion with $42.1 billion in revenue while its EPS for the quarter checked in at $1.42 per diluted share.

DON’T MISS: Nexus 6P review roundup: Android fans are glowing over the new Nexus

“Fiscal 2015 was Apple’s most successful year ever,” Tim Cook said in a press release, “with revenue growing 28% to nearly $234 billion. 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.”

Per usual, the iPhone was Apple’s standout star this past quarter. For the quarter gone by, Apple sold 48.05 million iPhones, just barely falling short of analyst estimates of 48.56 million in unit sales. Highlighting the iPhone’s ongoing appeal, Apple during the same quarter a year-ago sold 39.2 million iPhones.

Meanwhile, iPad and Mac sales checked in at 9.9 million and 5.7 million, respectively. During the same quarter a year-ago, iPad and Mac sales came in at 12.3 and 5.5 million.

Developing…

 

 

 

 

A life long Mac user and Apple enthusiast, Yoni Heisler has been writing about Apple and the tech industry at large for over 6 years. His writing has appeared in Edible Apple, Network World, MacLife, Macworld UK, and most recently, TUAW. When not writing about and analyzing the latest happenings with Apple, Yoni enjoys catching Improv shows in Chicago, playing soccer, and cultivating new TV show addictions, the most recent examples being The Walking Dead and Broad City.




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