Apple reported record revenue of $234 billion

Apple reported record revenue of $234 billion


Moscow. October 28. For Apple Inc. 2015 fiscal year was the most successful in its history: revenue increased 28% to nearly $234 billion, said Apple CEO Tim cook.

In the fourth quarter of fiscal 2015, the company’s ninth consecutive quarter made a profit above expectations of wall street due to the demand for iPhones in China. The volume of sales of iPhones and Mac computers surged to record levels.

The price of Apple shares, the most expensive companies of the world increased by 0.6% in trading in new York after the close of the main session on October 27.

As reported in the financial statements of the company, its net profit for the fourth fiscal quarter ended September 26, 2015, increased by 31% to $11.1 billion compared with $8.5 billion in the same period a year earlier. Earnings per share jumped 38% on the background of active buyback program from $1,42 to $1.96.

Apple’s quarterly revenue increased by 22% from $42,12 billion to $51,5 billion For the international sales thus accounted for 62% of revenue – on a couple of percentage points less than in recent quarters.

Analysts surveyed by Bloomberg had predicted profit of $10.8 billion, or $1,88 per share, on revenue of $51 billion, the Upper limit of the forecast in terms of revenue amounted to $51 billion.

Gross margin rose by 1.9 percentage points to 39.9%.

IPhone sales, which accounted for the most significant portion of revenue Apple has made in the last quarter 48,04 million units, up 22.3 per cent higher than the amounts for July-September 2014. In China, iPhone sales soared to 99%.

For the sixth consecutive quarter rise in General above 10%, but this time sales was worse than expectations of wall street analysts on average predicted their level 48,72 million New iPhones 6s and 6s Plus went on sale in just two working days before the end of the last Fincastle.

“2015 fiscal year was the most successful in Apple’s history, revenue increased 28% to nearly $234 billion,” said CEO Tim cook.

The current (first) pinchartl Apple predicts revenue in the range of $75.5 billion to $77.5 billion, which represents an increase by 3-4% compared with last year. Gross margin will be 39-40%, operating expenses – $5,85-5,95 billion.

Analysts on average expect Apple’s revenue in October-December at $77 billion, profit of $18.1 billion, or $3,22 per share. On inquarta I have a season pre-Christmas sales, so it is the peak for Apple and many other companies in the industry.

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