Apple Growth Up Over 20 Percent In The September Quarter of 2015!
Yesterday, October 27th, 2015, Apple, no stranger to double digit growth, reported $51.5 billion in revenue for the September quarter, up from $42.1 billion in the same quarter last year.
According to an Apple press release:
The growth was fueled by record fourth quarter sales of iPhone®, the expanded availability of Apple Watch®, and all-time records for Mac® sales and revenue from services.
In the same release Tim Cook said:
We are heading into the holidays with our strongest product lineup yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded lineup of cases and bands, the new iPad Pro and the all-new Apple TV which begins shipping this week.
As a long-time Mac user, it is quite impressive to see the Mac defy overall market growth trends selling 5.7 million Macs in the quarter.
For Apple’s 2015 fiscal year ending in the September quarter, sales were 234 billion, an increase of 28% – 51 Billion over 2014 and is Apple’s largest revenue growth ever.
Worldwide sales consisted of over 300 Million Devices
- 231 Million iPhones
- 55 Million iPads
- 21 Million Macs
A very strong finish to a record breaking year indeed, however, many believe that Apple Growth Up Over 20 Percent can’t possibly continue.
Only time will tell but I will not be betting against Apple continuing to defy.
Parmy Olson from Forbes:“…inexplicably, sales of Apple’s most important product continue to defy the principle that what goes up must come down.”
Senior Analyst Toni Sacconaghi of Sanford C. Bernstein said on CNBC:“I think its best days are behind it. The Street is discounting that Apple’s free cash flow will decline in perpetuity.”