Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday July 22, 2015

Apple Reports Record Third Quarter Results

Apple, fueled by strong iPhone 6 sales, reported record third-quarter results. Oddly enough, Apple stock is down almost 5% on the news.

Appleآ® today announced financial results for its fiscal 2015 third quarter ended June 27, 2015. The Company posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion, or $1.85 per diluted share. These results compare to revenue of $37.4 billion and net profit of $7.7 billion, or $1.28 per diluted share, in the year-ago quarter. Gross margin was 39.7 percent compared to 39.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.