Menu
iPhone demand soars as Apple reveals record-breaking profits

iPhone demand soars as Apple reveals record-breaking profits

“We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high."

Apple has posted a record quarterly revenue of US$74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share for its fiscal 2015 first quarter ended December 27, 2014.

Compared to revenue of $57.6 billion and net profit of $13.1 billion, or $2.07 per diluted share, in the year-ago quarter, Cupertino says gross margin was 39.9 percent compared to 37.9 percent in the year-ago quarter while international sales accounted for 65 percent of the quarter’s revenue.

The results were fueled by all-time record revenue from iPhone and Mac sales as well as record performance of the App Store, with iPhone unit sales of 74.5 million setting a new record.

“We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high,” says Tim Cook, CEO, Apple.

“Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal.”

According to Apple CFO Luca Maestri, the company's "exceptional results" produced EPS growth of 48 percent over last year, and $33.7 billion in operating cash flow during the quarter, labelled as "an all-time record."

“We spent over $8 billion on our capital return program, bringing total returns to investors to almost $103 billion, over $57 billion of which occurred in just the last 12 months," Maestri says.

Apple is providing the following guidance for its fiscal 2015 second quarter:

* revenue between $52 billion and $55 billion

* gross margin between 38.5 percent and 39.5 percent

* operating expenses between $5.4 billion and $5.5 billion

* other income/(expense) of $350 million

* tax rate of 26.3 percent

Apple’s board of directors has also declared a cash dividend of $.47 per share of the Company’s common stock - the dividend is payable on February 12, 2015, to shareholders of record as of the close of business on February 9, 2015.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags iPadAppleiPhone

Featured

Slideshows

Reseller News Platinum Club celebrates leading partners in 2019

Reseller News Platinum Club celebrates leading partners in 2019

The leading players of the New Zealand channel came together to celebrate a year of achievement at the annual Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months.

Reseller News Platinum Club celebrates leading partners in 2019
Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosted its second annual alumnae breakfast for the Women in ICT Awards in New Zealand, designed to showcase the leading female leaders in the industry. Held at The Cordis in Auckland, attendees came together to hear inspiring keynotes and panel discussions, alongside high-level networking among peers. Photos by Gino Demeer.

Reseller News hosts alumnae breakfast for Women in ICT Awards
Reseller News Innovation Awards 2019: meet the winners

Reseller News Innovation Awards 2019: meet the winners

Reseller News honoured the standout players of the New Zealand channel in front of more than 480 technology leaders in Auckland on 23 October, recognising the achievements of top partners, emerging entrants and innovative start-ups.

Reseller News Innovation Awards 2019: meet the winners
Show Comments