UPDATE: Here are some of the interesting tidbits shared by Apple during its earnings call:
- Crossed 100 billion cumulative downloads from App Store
- Demand for new iPhone 6s and iPhone 6s is exceeding supply
- Sales of Apple Watch up sequentially and ahead of expectations
- There are now 13,000 Apple Watch apps, including 1,300 native apps
- Sixty-one percent of active iOS devices are now on iOS 9 following September launch
- More than 6.5 million paying Apple Music customers
- Apple Pay experiencing double digit growth in transactions month after month
- Nearly 40 million people reading Apple News
- Thirty percent of customers that bought iPhone and replaced existing smartphone in Q4 2015 were Android switchers, a record
- The iPhone 6s is currently most popular iPhone that Apple sells
ORIGINAL: Earnings season is in full force, and Apple is the latest company to report its latest numbers.
Apple says that in its fiscal Q4 2015, it sold 48 million iPhone units, which is a record for fourth quarter iPhone sales. To compare, Apple solid 39.27 million iPhones in its fiscal Q4 2014. Meanwhile, the iPad sold 9.9 million units in Q4 2015, while the Mac sold 5.7 million units.
Turning to financials, Apple pulled in a whopping $11.1 billion in net profit in Q4 2015, which is up from $8.5 billion in Q4 2014. Apple also posted a Q4 2015 revenue of $51.5 billion, up from $49.6 billion in Q4 2014.
Here’s what Apple CEO Tim Cook had to say about his company’s results:
“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.
"We are heading into the holidays with our strongest product lineup yet, including 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 which begins shipping this week."
Apple’s iPhone business grew again this quarter, and the launch of the iPhone 6s and iPhone 6s Plus helped make Q4 2015 the best iPhone quarter Apple’s ever had. Meanwhile, the iPad’s quarter wasn’t so hot, with the iOS tablet dropping from 12.32 million sold in Q4 2014 to 9.9 million in Q4 2015. While Apple did launch the iPad mini 4 during the quarter, that update wasn’t enough to give iPad sales a meaningful boost, and there wasn’t a new iPad Air model to help. Apple did announce the iPad Pro during the quarter, but that device won’t go on sale until November.
Apple will hold an earnings call to discuss its results at 5:00 pm ET. I’ll be listening in, and I’ll be sure to report back with any interesting tidbits that Tim Cook and Co. have to share.