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Apple Breaks Several Records with Latest Quarterly Results

Apple has wowed Wall Street with its financial results for the fourth quarter of the 2015 fiscal year, the new iPhones in particular having led to revenue of $51.5 billion and profit of $11.1 billion.

This net profit translates into $1.96 per diluted share, and compares to the $8.5 billion profit – that’s $1.42 per diluted share – achieved in the same quarter of 2014. For the 2015 quarter, Apple’s gross margin was 39.9% – a boost from the 38% of the year-ago quarter.

As reported by MacRumors, 48 million iPhones and 5.7 Macs were sold – compared to, respectively, 39.2 million and 5.5 million in the corresponding 2014 quarter.

Apple CEO Tim Cook declared the just-concluded 2015 fiscal year the company’s “most successful year ever, with revenue growing 28% to nearly $234 billion.” The new iPhones and upcoming iPad Pro and fourth generation Apple TV also hint at an exciting holiday season for the Cupertino company.

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