Apple ended up completely outdoing not only its own all-time records but even the highest expectations on Wall Street by selling a whopping 74.5 million iPhones on its way to $18 billion in net profit in a single quarter. The Cupertino California company posted record quarterly revenue of $74.6 billion, earning $3.06 per diluted share for its first fiscal quarter of 2015. Unsurprisingly, the company was led by its iPhone lineup which sold nearly 75 million units, a year over year increase of 46%.
Mac sales were also at an all-time high of 5.52 million units, which also just edged the company’s previous best from its past September quarter. The company’s Mac hardware ended up seeing numbers increase 14% year over year as a result. With the iPhone and Mac sales being up, the iPad continued to decline falling to 21.4 million units in the December quarter. As a result, the iPad numbers were down 18% from the same period last year.
Appel CEO, Tim Cook, had the following to say regarding the matter:
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.
Apple’s CFO, Luca Maestri had the following to say regarding the matter:
Our exceptional results produced EPS growth of 48 percent over last year, and $33.7 billion in operating cash flow during the quarter, 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.
A revenue between $52 billion and $55 billion, gross margin between 38.5% and 39.5%, operating expenses between $5.4 billion and $5.5 billion, other income of $350 million and a tax rate of 26.3%. The Apple Board of Directors also declared a cash dividend of 47 cents per share of its common stock which will be payable on February 12, 2015 to shareholders of record as of the close of business on February 9, 2015.
Source: Apple
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