iPhone fuels Apple revenue to grow 22% to $51.5 bn in Q4

Apple Q4 2015 revenue and iPhone shipments
Technology major Apple today said 36 percent increase in iPhone sales boosted its revenue to grow 22 percent to $51.5 billion in the fourth quarter ended September 26, 2015.

Net profit grew to $11.1 billion from $8.5 billion.

The revenue growth was fueled by sales of 48.04 million units of iPhone, the expanded availability of Apple Watch, Mac sales of 5.07 million units and revenue from services.

Samsung Electronics, the main rival of Apple, announced its earnings guidance for the third quarter of 2015, saying sales will be 51 trillion Korean won (47.4 in Q3 2014) with an operating profit of 7.3 trillion Korean won (4.1 in Q3 2014).

Apple achieved 22 percent growth in sale of iPhones to 48.04 million units, 20 percent drop in iPad to 9.88 million, 3 percent growth in Mac to 5.7 million and 10 percent revenue growth in services to $5.08 billion.

Apple booked $3.048 billion (+61 percent) as sales revenue from other products without mentioning Apple Watch details.

Apple generated revenues of $32.2 billion (+36 percent) from iPhones, $4.2 billion (-20 percent) from iPads, $6.88 billion (+4 percent) from Mac books and $5.08 billion (+10 percent) from services.

Announcing the financial result, Apple today said $21.77 billion (+10 percent) revenues came from Americas, $10.57 billion (+2 percent) from Europe, $12.51 billion (+99 percent) from Greater China, $3.92 billion (+9 percent) from Japan and $2.7 billion (+27 percent) from Rest of Asia Pacific in Q4 2015.

“Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28 percent to nearly $234 billion. This continued success is the result of our commitment to making the best, most innovative products on earth,” said Tim Cook, Apple’s CEO.

Apple has lined up iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded lineup of cases and bands, the new iPad Pro and the all-new Apple TV for the holiday season.

The Cupertino, California-based Apple is expecting revenue between $75.5 billion and $77.5 billion for its fiscal 2016 first quarter.

Baburajan K
[email protected]