Apple Announces Record Quarterly Revenue of $74.6 Billion, 74.5 Million iPhones Sold

Apple Announces Record Quarterly Revenue of $74.6 Billion, 74.5 Million iPhones Sold

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Apple today announced financial results for its fiscal 2015 first quarter ended December 27, 2014. The Company posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share. These results compare to revenue of $57.6 billion and net profit of $13.1 billion, or $2.07 per diluted share, in the year-ago quarter. Gross margin was 39.9 percent compared to 37.9 percent in the year-ago quarter. 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. iPhone unit sales of 74.5 million also set 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,” said Tim Cook, Apple’s CEO. “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.”

“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,” said Luca Maestri, Apple’s CFO. “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.”

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 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.

Apple is holding its FY 15 first quarter conference call at 2:00 p.m. PST/5:00 p.m. EST today. You can tune in here. We'll let you if anything interested is divulged during the call.

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Apple Announces Record Quarterly Revenue of $74.6 Billion, 74.5 Million iPhones Sold

Great! - January 29, 2015 at 1:15am
Samsung fans and executives' heads are exploding right now. Samsung can try to copy Apple but they should really be worried about XiaoMi instead. Even Sony makes better Android phones than Samsung.
Marc - January 28, 2015 at 7:15pm
Lemon I'm not sure what planet you landed from, but Tim Cook is currently CEO of apple, and the reason for its success. Where are those Samsung people, apparently you are losing profits and market share?? Awefully quiet. It doesn't matter if you come on here to rant and rave, apple still wins
Anonymous - January 28, 2015 at 3:54pm
That sure is a lot of money! I wonder where are the apple-hating android fans? They can say apple sucks. well, the data shown here is the reason why apple dont give a f*** to haters.
lemon4611 - January 28, 2015 at 1:23am
Cook is a bum and is bringing Apple to it's knees. They should fire him immediately and try to get Mike Dell to show them how it's really done.
lemonbrain4611 - January 28, 2015 at 1:31am
You're a joke and wants Apple begin please for its knees. You should smell the coffee and accept he is as good as jobs since his strategies lie in him, why else is Apple still here and still succeeding in an endless streak as it currently is? Mike Dell doesn't know a shit about Apple. It's done already, move on.
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