Apple reports record Q4 revenue of $51.5 billionStaff writer ▼ | October 27, 2015
Apple announced financial results for its fiscal 2015 fourth quarter ended September 26, 2015. The company posted quarterly revenue of $51.5 billion and quarterly net profit of $11.1 billion, or $1.96 per diluted share.
Apple Net profit of $11.1 billion
The growth was fueled by record fourth quarter sales of iPhone, the expanded availability of Apple Watch, and all-time records for Mac sales and revenue from services.
“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,” said Tim Cook, Apple’s CEO.
“Apple’s record September quarter results drove earnings per share growth of 38% and operating cash flow of $13.5 billion,” said Luca Maestri, Apple’s CFO.
“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.”
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, and tax rate of 26.2 percent.
Apple’s board of directors has declared a cash dividend of $.52 per share of the company’s common stock. The dividend is payable on November 12, 2015, to shareholders of record as of the close of business on November 9, 2015. ■