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Apple revenues up 22% on strong growth in China

2015-10-27 23:21:00| Telecompaper Headlines

(Telecompaper) Apple reported revenues for its fiscal fourth quarter up 22 percent year-on-year to USD 51.5 billion, just beating its outlook of USD 49-51 billion for the quarter. The growth was led by a doubling of sales in the Greater China region, to USD 12.5 billion. Net profit in the three months to September rose to USD 11.1 billion from USD 8.5 billion a year ago, and EPS was up 38 percent to USD 1.96 per share. The company's gross margin improved to 39.9 percent from 38.0 percent a year ago and was also better than expected. 

Tags: china strong growth apple

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