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 launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Kiwi channel debates GDPR as Reseller News Exchange hits Wellington

Kiwi channel debates GDPR as Reseller News Exchange hits Wellington

This exclusive Reseller News Exchange, in association with Arrow ECS ANZ, ForeScout and StorageCraft, went on the road to debate the early implications of GDPR in New Zealand, extracting opportunities while evaluating challenges for the channel in the year ahead.

Kiwi channel debates GDPR as Reseller News Exchange hits Wellington
Show Comments