Apple Q3 earnings set new records, driven by iPhone, Apple Watch sales
The biggest companies in mobile are sharing their latest financial data, and last week we checked in with Google to learn about its most recent growth. Today we’ve got another two behemoths to crunch numbers with, and first on the agenda is Apple, reporting a record-setting quarter.
Maybe the biggest questions on everyone’s mind is how the Apple Watch has been doing, and while Apple doesn’t provide detailed figures, it sure paints the picture of a successful debut. The problem is that while Apple lays out sales figures for iPhone and iPad product categories, the Watch gets lumped in its broad “other products” label. That said, Apple saw a huge increase other products revenue, ballooning from $1.6B the previous quarter to $2.6B in Q3. The Apple Watch reportedly accounts for more than 100% of that growth, as sales of some of those other “other” products (like iPods) slipped at the same time.
Compared to a year ago, iPhone sales are up over 12 million units, hitting 47.5M last quarter. iPad sales declined a bit, down to 10.9M, while Mac computers saw decent growth, up to nearly 4.8M. Apple also cleaned up when it came to services, seeing revenue climb over $500M from last year to a $5B all-time best for Apple.
All told, Apple had revenues totaling some $49.6B for Q3 2015, with net profit hitting $10.7B. While that’s down from Q2’s $58B, third quarters are nearly always markedly lower than seconds. More tellingly, these Q3 numbers show big growth over last year’s $37.4B for the same period.