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Posts tagged with "earnings call"

Apple Q1 2016 Results: $75.9 Billion Revenue, 74.8 Million iPhones, 16.1 Million iPads Sold

Apple has just published their financial results for Q1 2016 for the quarter that ended in December 2015. The company posted revenue of $75.9 billion. The company sold 16.1 million iPads, 74.8 million iPhones, and 5.3 million Macs, earning a quarterly net profit of $18.4 billion.

“Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV,” said Tim Cook, Apple’s CEO. “The growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.”

“Our record sales and strong margins drove all-time records for net income and EPS in spite of a very difficult macroeconomic environment,” said Luca Maestri, Apple’s CFO. “We generated operating cash flow of $27.5 billion during the quarter, and returned over $9 billion to investors through share repurchases and dividends. We have now completed $153 billion of our $200 billion capital return program.”

For the first time, Apple has included supplemental material alongside its financial results, noting that “in constant currency, Q1’16 revenue would have been $5 billion higher”. “$100 of Apple’s non-U.S. dollar revenue in Q4’14 translates into only $85 U.S. dollars today”, the company noted in a document available here.

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Apple Announces Q1 2016 Earnings Call for January 26

Apple’s Investor Relations website was yesterday updated to note that Apple’s earnings call for the first quarter of fiscal year 2016 (October, November and December 2015) will be held on Tuesday, January 26, 2016. As is usual, Apple will provide a live webcast of the conference call on the day.

Apple’s guidance for the first fiscal quarter of 2016 is revenue between $75.5 billion and $77.5 billion, gross margin between 39 percent and 40 percent and a tax rate of 26.2 percent. But as is illustrated above, Apple’s guidance in the past has often underestimated the actual numbers by quite a significant degree.

As we have for previous earnings calls, MacStories will cover the conference call on our site’s homepage on January 26 starting at 2 PM PT, posting charts of the results, collecting key quotes from Apple executives and highlighting interesting Tweets from others.


A Transcript of Apple’s Q4 2015 Earnings Call

Serenity Caldwell and Jason Snell, writing for iMore, have already put together a transcript of Apple’s Q4 2015 earnings call. This is where you want to go to get all the details shared by Tim Cook and CFO Luca Maestri earlier today, such as this tidbit on the iPhone Upgrade Program:

Rod: On the Upgrade Program, can you envision a time ever, maybe in the U.S. or elsewhere, where you would not have to come into an Apple Store to take advantage of the upgrade? You might be able to do that somewhere else?

Tim: That’s a really good question. We actually solved that problem back in 2007, but then quickly had to change it in order to scale in a major way. And so that is something that we is always in our mind, that one day from a customer experience point of view, we would like to make things as easy as possible for the customer. And to some degree, you can already do that with buying online. But there are many different plans and so forth that people buy that they have to come in for. Yes, over time we’d love to have that automated, working with our partners with service providers.

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Apple Q4 2015 Results: $51.5 Billion Revenue, 48 Million iPhones, 9.8 Million iPads Sold

Apple has just published their financial results for Q4 2015, which covered the three months from July to September 2015. The company posted revenue of $51.5 billion. The company sold 9.8 million iPads, 48 million iPhones, and 5.7 million Macs, earning a quarterly net profit of $11.1 billion.

“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. “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.”

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Apple Announces Q4 2015 Earnings Call For October 27

Apple’s Investor Relations website was yesterday updated to note that Apple’s fourth quarter earnings call for fiscal year 2015 (July, August, September) will be held on Tuesday, October 27. As is usual, Apple will provide a live webcast of the conference call.

FY 15 Fourth Quarter Results
Apple’s conference call to discuss fourth fiscal quarter results is scheduled for Tuesday, October 27, 2015 at 2:00 p.m. PT / 5:00 p.m. ET.

Apple announced yesterday that it had sold a record 13 million units of the new iPhone 6s and iPhone 6s Plus. The rollout of the new iPhones is on track to be the fastest ever from Apple, and we’ll no doubt hear more about that on this upcoming earnings call.

In the third quarter of FY15, Apple posted revenue of $49.6 billion. The company sold 10.9 million iPads, 47.5 million iPhones, and 4.8 million Macs, earning a quarterly net profit of $10.7 billion.

As we have for previous earnings calls, MacStories will cover the conference call on our site’s homepage on October 27 starting at 2 PM PT, posting charts of the results, collecting key quotes from Apple executives and highlighting interesting Tweets from others.


Apple Q2 2015 Results: $58 Billion Revenue, 61.2 Million iPhones, 12.6 Million iPads Sold

Apple has published their Q2 2015 financial results for the quarter that ended in March 2015. The company posted revenue of $58 billion. The company sold 12.6 million iPads, 61.2 million iPhones, and 4.6 million Macs, earning a quarterly net profit of $13.6 billion.

“We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever,” said Tim Cook, Apple’s CEO. “We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles, and we’re off to an exciting start to the June quarter with the launch of Apple Watch.”

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Apple Q4 2014 Results: $42.1 Billion Revenue, 39.3 Million iPhones, 12.3 Million iPads Sold

Apple has published their Q4 2014 financial results for the quarter that ended September 27, 2014. The company posted revenue of $42.1 billion. The company sold 12.3 million iPads, 39.3 million iPhones, and 5.5 million Macs, earning a quarterly net profit of $8.5 billion.

“Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus,” said Tim Cook, Apple’s CEO. “With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple’s strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015.”

A new ‘Other’ category for Apple Watch in 2015

As noted by Bloomberg, starting next year, Apple will create a new ‘Other’ category for their financial results which will combine the sales of the new Apple Watch, iPod, Apple TV, Beats products and other accessories. The move will make it difficult to break out exact sales figures for the Apple Watch and is also different to how Apple treated the iPhone and iPad which from the first quarter received their own category.

“This gives Apple cover for the early months of Apple Watch sales at least,” said Jan Dawson, chief analyst and founder of Jackdaw Research. “If they’re low, the results will be buried with other product sales and hard for analysts to back out. But if they’re good, then Apple can still crow about them and split out results on an ad-hoc basis.” (via Bloomberg)

 

Notably, Apple’s gross margin was slightly higher at 38%, compared to 37% in the year-ago quarter. International sales also accounted for 60% of all Apple’s revenue. You can see all our usual earnings call charts below.

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Apple Announces Q4 2014 Conference Call for October 20

In an update to the Investor Relations website, Apple today announced their Q4 2014 earnings call, which will be held on Monday, October 20. As usual, Apple will provide a live webcast of the conference call.

Apple plans to conduct a conference call to discuss financial results of its fourth fiscal quarter on Monday, October 20, 2014 at 2:00 p.m. PT / 5:00 p.m. ET.

Apple’s Q4 2014 earnings call will likely provide another insight into the launch of the iPhone 6 and iPhone 6 Plus. Released in 10 countries on September 19 and subsequently rolled out in 22 additional countries on September 26, the iPhone 6 line set a new record for Apple by topping 4 million pre-orders in 24 hours and over 10 million units sold in the opening weekend. It’s also possible that the company may share details about iOS 8 adoption numbers (currently at 41%) and the launch of Yosemite, the next version of OS X that graduated to Golden Master status for registered developers today.

In the third quarter, Apple posted revenue of $37.4 billion. The company sold 13.3 million iPads, 35.2 million iPhones, and 4.4 million Macs, earning a quarterly net profit of $6.9 billion. In the year-ago quarter (Q4 2013), Apple posted revenue of $37.5 billion and sold 14.1 million iPads, 33.8 million iPhones, and 4.6 million Macs. For the fourth quarter of 2014, Apple has set its guidance to “between $37 billion and $40 billion” of revenue.

We will provide live updates from the conference call on our site’s homepage on October 20 starting at 2 PM PT.


Apple Q3 2014 Results: $37.4 Billion Revenue, 35.2 Million iPhones, 13.3 Million iPads Sold

Apple has published their Q3 2014 financial results for the quarter that ended June 28. The company posted revenue of $37.4 billion. The company sold 13.3 million iPads, 35.2 million iPhones, and 4.4 million Macs, earning a quarterly net profit of $6.9 billion.

“Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters,” said Tim Cook, Apple’s CEO. “We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce.”

Notably, Apple’s gross margin jumped back up to 39.4% this quarter, compared to 36.9% in the year-ago quarter. International sales also accounted for 59% of all Apple’s revenue. You can see all our usual earnings call charts below.

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