Apple has today posted a report for its third quarter earnings, revealing record numbers for another quarter running.
“We had an amazing quarter, with iPhone revenue up 59 percent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch,” said Tim Cook “The excitement for Apple Music has been incredible, and we’re looking forward to releasing iOS 9, OS X El Capitan and watchOS 2 to customers in the fall.”
In the report Apple announced that they had generated $49.6 billion in revenue, which is slightly above the analysts expectations of $49 billion, and $10.7 billion in profit.
Analysts suggested that Apple would sell about 4 million Apple watches during this quarter, however because of the amount of models that the Apple Watch has, it’s difficult to work out exactly how many were sold, earlier on in the year Apple CFO Luca Maestri told The New York Times that sales for the Apple Watch “in its first nine weeks exceeded those of the iPhone and iPad in their first nine weeks of availability,” and that may well be true as Apple’s “other products” section of its report rose to $2.6 billion from the previous year’s quarter were it was set at $1.76 billion.
Apple did announce sales for other areas however, announcing that they sold 47.5 million iPhones in the third quarter, which is up from 35 million, but below analysts expectations of around 49-50 million. Apple also sold 10.9 million iPad’s this year, which is down from the 13.3 million they sold in Q3 2014.
It also sold 4.8 million Macs, which is up from the 4.4 million sales that were generated this time last year.
Finally Apple also revealed some separate numbers during its investor’s call revealing that it had $202.8 billion in case, made $5 billion in revenue from services like iTunes, AppleCare, Apple Pay and more, $13 billion was returned to its shareholders, and that they also expect between $49 billion and $51 billion in revenue for Q4 2015.
They also noted that revenue from Greater China was up by 112 percent vs the 33 per cent growth it saw worldwide, and iPhone sales were up by 85 percent in both China and India.