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Apple Q3 earnings: 47.5M iPhones sold misses Wall Street expectations

by Todd Haselton | July 21, 2015

iPhone 6 Plus Space Gray-1

Apple reports its fiscal third quarter earnings on Tuesday. The firm noted $1.85 earnings per share (EPS) on revenue of $49.6 billion. Wall Street analysts were expecting earnings of $1.81 per share and $49.43 billion in revenue.

Wall Street was also looking for 48.8 million iPhones sold, 4.9 million Macs sold, according to Business Insider; CNBC said analysts were also hoping for 11.1 million iPads sold during the quarter. During the third quarter, Apple sold 47.5 million iPhones, 4.8 million Macs, and 10.9 million iPads. That’s a big iPhone sales miss against expectations, which likely put a lot of emphasis on expansion in China, but it still marks record third quarter sales of the iPhone and Mac.

“We had an amazing quarter, with iPhone revenue up 59 percent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch,” said Apple CEO Tim Cook. “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 also said that the Apple Watch launch has been “successful.”

Shares of Apple are trading down roughly 6.39 percent after hours.

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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...


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