Apple Releases its Q4 Report resulting 1 billion Device Activation

Apple announced financial results for its fiscal 2015 fourth quarter ended September 26, 2015. According to the report a total of 1 Billion Apple devices are now in use across the world. The Company posted quarterly revenue of $51.5 billion and quarterly net profit of $11.1 billion, or $1.96 per diluted share.

Apple CEO Tim Cook said

“Fiscal 2015 was Apple’s most successful year ever, 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,” . “We are heading into the holidays with our strongest product lineup yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded lineup of cases and bands, the new iPad Pro and the all-new Apple TV which begins shipping this week.”

Apple Releases its Q4 Report resulting 1 billion Device Activation

Cook attributed Apple’s “biggest quarter ever” to “all-time record sales of iPhone, Apple Watch and Apple TV” and the growth of Apple’s services, which includes Apple Music and its App store.

Apple is providing the following guidance for its fiscal 2016 first quarter:

  • revenue between $75.5 billion and $77.5 billion
  • gross margin between 39 percent and 40 percent
  • operating expenses between $6.3 billion and $6.4 billion
  • other income/(expense) of $400 million
  • tax rate of 26.2 percen

Apple CFO Luca Maestri said

“Apple’s record September quarter results drove earnings per share growth of 38% and operating cash flow of $13.5 billion,” .“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.”

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