Apple reported its 3rd Quarter, FY 2015 Results:

• Apple posted revenue of $49.6 billion and net quarterly profit of $10.7 billion, or $1.85 per diluted share.
• Gross margin for the quarter was 39.7 percent compared to 39.4 percent in the year-ago quarter, with international sales accounting for 64 percent of revenue.
• Apple also declared an upcoming dividend payment of $0.52 per share, payable on August 13.
• The company now holds $202.8 billion in cash and marketable securities.
• Apple sold 47.5 million iPhones during the quarter, up from 35.2 million a year earlier.
• iPad sales came in at 10.9 million, down from 13.3 million a year earlier.
• Mac sales registered 4.8 million units, up from 4.4 million units in the year-ago quarter.
• As expected, Apple did not disclose Apple Watch sales for its debut quarter; but it did note that the Apple Watch accounted for well more than 100% of the nearly $1 billion increase in the “Other “ category the Watch now shares with iPod, Apple TV and Accessories, and more than made up for declines in iPods and Accessories.
• Apple’s guidance for the fourth quarter of fiscal 2015 includes expected revenue of $49-51 billion and gross margin between 38.5 and 39.5 percent.
• Nevertheless, apparently disappointed by the less-than-expected iPhone sales and guidance for the fourth quarter, Apple stock is down about $9 or 7% in after-hours trading.

After two quarters of stellar results that trounced even the most optimistic expectations, this quarter returns to form in another example of an overall very good performance for Apple as a company that nevertheless “disappoints” Wall Street analysts based on those analysts’ inflated expectations.