Tough Comps Likely to Impact Apple (AAPL) Stock Performance, Mizuho Securities Says
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Apple Reports Record Fourth Quarter Results
October 27, 2015 4:30 PM EDTiPhone, Apple Watch & App Store Drive Revenue Growth of 22%
CUPERTINO, Calif.--(BUSINESS WIRE)-- Apple® today announced financial results for its fiscal 2015 fourth quarter ended September 26, 2015. The Company posted quarterly revenue of $51.5 billion and quarterly net profit of $11.1 billion, or $1.96 per diluted share. These results compare to revenue of $42.1 billion and net profit of $8.5 billion, or $1.42 per diluted share, in the year-ago quarter. Gross margin was 39.9 percent compared to 38 percent in the year-ago quarter. International sales accounted for 62 percent of the quarters revenue.
The growth was fueled by record fourth quarter sales of iPhone®, the... More
