Apple again with record revenues in the third quarter of 2015
Apple announced its revenue for the third quarter of 2015 and results are again impressive. Investors were eager to see all the details on how well sell the new Apple Watch, but the majority of the company’s revenues come from the iPhone, iPAD and sales on the Mac. Also, digital goods and services. Apple generated $49.6 billion revenue, slightly above expectations of $49 billion. The generated profit amounted to $10.7 billion.
The consensus among analysts is that Apple will sell about 4 million Apple Watch models this quarter. But given the wide range of prices for the various models of the smart watch and the fact that revenues include sales of devices such as iPod, Apple TV and Beats hardware, it is difficult if not impossible to know the exact number sold watches.
Revenue from other products jumped to $2.64 billion, well above the 1.76 billion that Apple won in this category for the same period last year.
Apple CFO Luca Maestri told The New York Times, sales of Apple Watch “in the first nine weeks exceed those of the iPhone and iPad in their first nine weeks of availability on the market.” Maestri also told The Associated Press that the revenue from sales of Apple Watch helped to increase to $952 million in revenue from other products.
IPhone sales continue to be a major item in the growth of Apple, where they provide nearly 70 percent of the operating income of the company. Apple has sold 47.5 million iPhone-in the third quarter, compared with 35 million for the same period last year. But analysts had expected sales to be around 49-50 million units.
Apple has also sold 10.9 million iPad-and this quarter, compared with 13.3 million in the third quarter of 2014 sold Mac-s are 4.8 million from 4.4 million for the same period last year. China continues to be the biggest growth driver, with sales there year after year increased by over 100%.
“We had an amazing quarter, with 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,” said Tim Cook, Apple’s CEO. “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.”, Tim Cook said in a statement.http://gizbrain.com/2015/07/23/apple-again-with-record-revenues-in-the-third-quarter-of-2015/https://i2.wp.com/gizbrain.com/wp-content/uploads/2015/07/Tim-Cook-Apple.jpg?fit=620%2C350https://i2.wp.com/gizbrain.com/wp-content/uploads/2015/07/Tim-Cook-Apple.jpg?fit=190%2C150APPLETECH NEWSAppleApple announced its revenue for the third quarter of 2015 and results are again impressive. Investors were eager to see all the details on how well sell the new Apple Watch, but the majority of the company's revenues come from the iPhone, iPAD and sales on the Mac. Also,...John GreenJohn GreenJohngreen@gizbrain.comContributorJohn Green is a writer at GizBrain.GizBrain - Your Tech Brain