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Apple Inc. financial reports published

Apple Inc. (NASDAQ:AAPL) beats expectations yet again. Reports $11.1bn earnings for Q4FY2015. Stocks ascending high with the company’s best earnings ever.
During the after-hours on Tuesday, Apple declared its Q4 results, which is said to be good enough but not surprising.  On Wednesday, the stock soared 1.96% in on opening and was trading at nearly 3% higher than previous day’s closing price.

Financial results

For the Fiscal Year ended September 2015, Apple proudly reported $234bn revenue, 28% higher than 2014 and the largest through the company’s existence. Apple sold 300mn devices in last 12 months. The EPS stretched by 43% with Net Income of $53bn. Known to all, the key growth drivers for this year too was iPhone along with the new Apple Watch and service sales of Mac. The service sales of Mac was at its peak this year. Even the iPhone made up to a very solid performance.
For Q4, ending September 26, 2015, Apple’s revenue was $51.5bn. Of this 62% came from international sales. Two-third of the company’s revenue is contributed by iPhone alone and for this quarter 22% more iPhones were sold than Q4FY2014. This sales number is 22% higher than that of Q4 the year ago.

SALES (number of units sold) Last 12 months Q4 FY2015
iPhone                                              231mn          48.1mn
iPad                                                       55mn                    9.9mn
Mac                                                       21mn                    5.7mn

Earnings for Q4 were $11.1bn (or $1.96 per share), 31% more than previous year’s Q4. 2015 is marked as Apples most successful years as all its products and services are touching all-time high records.

Q4FY2015 Q4FY2014
Revenue $51.5bn $42.1bn
Net Profit $11.1bn $8.47bn
Gross Margin 39.9% 38%
Operating margin 28.4% of revenue
Cash flow from operations $13.5bn

Forecasts 

The top management of the company projected solid growth for Q1 2016; expects revenue to be around $75.5bn to $77.5bn for the quarter ending December 2015. The gross margin next quarter may be 39%-40%. $6.3bn-$6.4bn operating expense and tax rate about 26.2% is expected.
Foreign exchange and poor economic conditions can cause the growth to slip down into negative zone. On this Tim Cook upholds his confidence the fact being many Android user are switching to iPhones. Secondly, among the present iPhone users there are many who haven’t bought 6-class with larger screen.
The company sees a lot of opportunity in emerging markets.

Apple in China

After its home town, China is one big market for Apple, which is currently going through a slowdown. Investors fear was calmed after company delivered strong earnings growth. Revenue from Apple’s China market was 99% more y-o-y, almost double at $12.5bn. iPhone sale in China surged 120%. China currently has 25 Apple stores and have 40 more to come by mid-2016.
Moving to the holiday season, Tim Cook, Apple’s CEO said “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.”
Dividend of $0.52 per share has been declared that will be paid on November 12, 2015.