• Apple Crushes All Expectations - Sells 74.5M iPhones On Its Way to $18B in Net Profit

    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.
    With all of the sales, Apple’s gross margin was up to 39.9% this year compared to a 37.9% in the same quarter a year ago. Apple also said that the international sales accounted for 65% of the quarter’s revenue. The Cupertino California company announced that its App Store set a record performance in the holiday quarter as well. The “Service” revenue category, which includes the App Store, the iTunes Store and other digital storefronts ended up reaching $4.8 billion.

    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.
    The company ended up closing out by providing investors with the following guidance for its fiscal 2015 second quarter:

    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
    This article was originally published in forum thread: Apple Crushes All Expectations - Sells 74.5M iPhones On Its Way to $18B in Net Profit started by Akshay Masand View original post
    Comments 5 Comments
    1. exNavy's Avatar
      exNavy -
      Maybe we can contract Apple to privatize the U.S. government. I'd like to see this nation in the black.
    1. tridley68's Avatar
      tridley68 -
      Stew on those figures Samstink
    1. Jahooba's Avatar
      Jahooba -
      I'm not surprised - the iPhone 6 is superior design, through and through. It's nice to know so many people out there agree with me!

      Even the Android trolls are mostly silent now. Apple delivered a hard right jab to Android's chin and even Android users are forced to admit it was a good hit.
    1. samadhanshinde500's Avatar
      samadhanshinde500 -
    1. Nancy_Bout's Avatar
      Nancy_Bout -
      Great news [emoji176]
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