Apple Reports Revenue of $49.6b in 2015’s 3rd Quarter

Apple CEO Tim Cook has hailed an “amazing quarter” for his company, after it shared its earnings results for the third quarter of the 2015 fiscal year. During this April to June period, Apple made revenue of $49.6 billion and profit of $10.7 billion, accounting for sales of devices including the Apple Watch.

The net profit for the quarter works out at $1.85 per diluted share. The figures are a noticeable increase on those for the same quarter of the 2014 fiscal year, which were $37.4 billion revenue and $7.7 billion net profit, or $1.28 per diluted share.

Apple said that, in the 2015 quarter, it had sold 47 million iPhones, 10.9 million iPads and 4.7 million Macs. The company did not disclose specific sales numbers for the Apple Watch, which had its initial launch on April 24. However, revenue from the wearable was included in the reported revenue for the ‘other services’ category, which was $2.6 billion.

Cook enthusiastically cited “iPhone revenue up 59 percent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch”, adding: “The excitement for Apple Music has been incredible, and we’re looking forward to releasing iOS 9, OS X El Capitan and watchOS 2 to customers in the fall.

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