Apple's financial results for Q3 2015

iPhone sales have fuelled Apple's record third quarter as the company published its financial figures.

Apple's financial results for Q3 2015

iPhone sales have fuelled Apple’s record third quarter as the company published its financial figures.

The company sold 47.5 million iPhones, up from 35 million during the same quarter last year. This marks a 59% increase in iPhone sales.

Yet iPads did not fare so well as 10.9 million sales resulted in a 21% decrease, in comparison to the 13.2 million sold exactly one year ago.

Sales of the Apple Watch remain a relative mystery, as the technology giant places it in the ‘Other Products’ category alongside Apple TV, Beats headphones, iPods and other items. ‘Other Products’ did however make nearly $3bn in revenue, with Apple’s CEO Tim Cook referencing the Apple Watch as having a “great start”.

Overall, the Cupertino-based tech firm’s quarterly revenue hit $49.6bn and made a profit of $10.7bn for Q3 2015. The results contrast with the same quarter one year ago, where $37.4bn revenue and $7.7bn profit have been recorded.

 

The new figures show that iPhone sales have been instrumental to the success of Apple’s third quarter of this year.

 

Tim Cook described Apple’s 4.8 billion Mac sales as “strong”, with the product raking in $6bn revenue.

Apple’s CEO also listed the company’s all-time record revenue for services, driven by the App Store.

Cook said: “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.”

Apple’s latest iPhone is also expected to come out later in 2015, with reports of 75 million to 90 million new handsets ordered for launch day.

Apple closed its financial results announcement by predicting it could make $49bn- $51bn by the last quarter of 2015.