Apple has had a great quarter which has seen them break their own profit records and even manage to surprise Wall Street. We don’t normally dive into quarterly earning’s reports unless there is something significant to talk about, Apple has managed to sell a massive 74.5 million iPhones and earn a massive £18 billion profit in a single quarter.
The news arrived as Apple posted a record quarterly revenue of $74.6 billion, earning $3.06 per diluted share for it’s first fiscal quarter of 2015. To break it down Apple’s net profits for the year hit $18.9 billion which sets a new quarterly profits record previously held by Exxon who netted $15.9 billion in a single quarter.
It seems that Apple don’t just have the iPhone to thank for the profits as Mac sales also reached an all-time high at 5.52 million units sold. It’s not all good news tho as it seems iPad sales continue to drop, specifically sales are down 18% from the same period last year.
Apple’s Chief Executive Tim Cook had this to say:
“We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high.”
“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.”
So it looks like a good start to the year for Apple, I will say that the move to bring two sizes of the iPhone was definitely a good move for Apple. If numbers are you thing and you want more detailed information then be sure to visit the source link.
Source – Apple Insider
Ryan Oneill
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