Jefferies Maintained Hold Rating on Apple (AAPL) Following 3Q Beat

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Apple Reports Record Third Quarter Results

July 21, 2015 4:30 PM EDT

iPhone, Apple Watch, Mac & App Store Drive Revenue Growth of 33%

CUPERTINO, Calif.--(BUSINESS WIRE)-- Apple® 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 quarters revenue.

The growth was fueled by record third quarter sales of iPhone® and... More