Today Apple released their earnings for Q3 of fiscal year 2015, which ended June 27th. In what seems to be a never-ending sequence of records, once again, Apple posted a record third quarter. Revenue for the quarter came in at $49.6 billion, up 33% from a year ago. Gross margin was $19.7 billion, also up 33% from Q3 2014. Operating income was up almost 37% to $14.1 billion, and net income was $10.7 billion for the quarter, a gain of 37.8% year-over-year. Earnings per share was $1.85, up from $1.28 in Q3 2014. Apple Q3 2015 Financial Results (GAAP) Q3'2015 Q2'2015 Q3'2014 Revenue (in Billions USD) $49.605 >$58.010 $37.432 Gross Margin (in Billions USD) $19.681 $23.656 $14.735 Operating Income (in Billions USD) $14.083 $18.278 $10.282 Net Income (in Billions USD) $10.677 $13.569 $7.748 Margins 39.7% 40.8% 39.4% Earnings per Share (in USD) $1.85 $2.33 $1.28 Apple’s iPhone business has been the primary...
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