Apple Q4 2015 Earnings Beat Expectations

iPhone company hits $1.96 earnings per share, surpassing Wall Street’s projection of $1.88

Apple reported its earnings for the fourth quarter of 2015 on Tuesday, surpassing Wall Street expectations.

The iPhone manufacturer reported earnings per share of $1.96, which surpassed Wall Street’s expectations of $1.88 EPS. The number is also higher than the $1.42 earnings a year ago.

Apple also reported revenue of $51.5 billion, which also narrowly surpassed the projected $51.1 billion, and is up from $42.12 billion a year ago.

Apple sold 48.05 million iPhones, which was slightly higher than expectations of 48 million units sold in the quarter. The number is up from 39.27 million units last year.

“Fiscal 2015 was Apple’s most successful year ever, with revenue growing 28% to nearly $234 billion,” Apple CEO Tim Cook said in a statement. “This continued success is the result of our commitment to making the best, most innovative products on earth, and it’s a testament to the tremendous execution by our teams. We are heading into the holidays with our strongest product lineup yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded lineup of cases and bands, the new iPad Pro and the all-new Apple TV which begins shipping this week.”