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Published on July 22nd, 2015 | by The GC Team

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Apple posts 39% rise in profits

Apple today posted quarterly revenue up 32.6% and a rise of 39% in net profit for its fiscal third quarter ended 27th June 2015.

Sales increased to $49.6 billion and net profit to $10.7 billion. Gross margin was 39.7% compared to 39.4% in the same quarter last year.

The company said growth was fuelled by record third quarter sales of iPhones and Macs, all-time record revenue from services, driven by the App Store, and the successful launch of the Apple Watch, which CEO Tim Cook said had a “great start.”

In its guidance for the fourth quarter, Apple said it expects revenue between $49 billion and $51 billion and gross margin between 38.5% and 39.5%.

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