Apple just posted figures referring to the last three months

Jul 22, 2015 07:26 GMT  ·  By

This week, Apple has published its quarterly earnings report, and while everyone was pretty curious to find out how the Apple Watch has been selling, the Cupertino tech giant has remained mum on the topic.

Basically, the current report covers five topics: iPhone revenue (the most important aspect), iPad revenue, Mac revenue, service revenue (cash flow coming from iTunes and App Store downloads), and accessories revenue.

Now, let’s go straight to the actual numbers. The Cupertino company reported this week a net profit of $10.7 / €9.77 billion on a $49.6 / €45.3 billion revenue for its fiscal third quarter.

Compared to the results posted last year, we’re witnessing an obvious growth. In 2014, Apple reported a net profit of $7.7 / €7.3 billion on revenue of $37.4 / €34.16 billion.

The growth was apparently fueled by third-quarter sales of iPhones, Macs, “all-time record revenue” from services, and what Apple calls the “successful launch of the Apple Watch,” although we have to wonder if that’s really the case, given that the company is not offering us any actual numbers.

Apple had an “average” quarter

During the three months that ended on June 27, Apple sold 47.5 million iPhones, 10.9 million iPads and 4.8 million Macs.

In the iPhone department, we’re seeing a 35% year-over-year increase in unit sales for the device. Thus, Apple slightly beat Wall Street’s estimates, which predicted that 47 million units would be sold during the period.

Smartphone sales made 63% of Apple’s total revenue for the period.

Still, this wasn’t a record smashing quarter for Apple, so the company provided a lower-than-expected outlook for the current three-month period.

Its estimated fiscal fourth-quarter revenue is expected to be between $49 billion and $51 billion, while gross margin is expected to be between 38.5% and 39.5%.

Since Apple barely beat Wall Street’s estimates in terms of iPhone sales, in after-hours trading, the company’s shares have experienced a decline of more than $9 / €8, trading at $121 / €110.

This constitutes a decline of about 8% since the company announced its earnings report, so it's kind of obvious that investors are disappointed.

Apple's official press release is enclosed below.

Update: It seems Apple's shared are continuing to fall with a decline of 7.3% during after hours trading.

Apple Q3 FY2015 Results