Date: Tuesday, January 26th, 2016, 14:37
Category: Apple Watch, Finance, iPad, iPhone, News
It’s hard to argue with an $18.4 billion profit.
This is what Apple had to announce for its Q1 numbers, the company citing an $18.4 billion profit on $75.9 billion in revenue.
During the conference call, Apple cited 74.7 million iPhones sold, 16.1 million iPads sold, and 5.3 million Macs sold. Although the October through December period was probably a stacked quarter for Apple Watches sales, the company doesn’t break out category sales for that product for “competitive” reasons.
That compares to $51.5 billion in revenue, $11.1 billion in profit, 48 million iPhones, 9.8 million iPads, and 5.7 million Macs reported in the previous quarter. During the same holiday quarter a year prior, Apple reported $74.6 billion in revenue, $18 billion in profit, 74.4 million iPhones, 21.4 million iPads, and 5.5 million Macs for comparison. Analysts were predicting around $76.6b in revenue, 75m iPhones, 17.3m iPads, and 5.8m Macs.
Apple CEO Tim Cook had this to say:
“Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV,” said Tim Cook, Apple’s CEO. “The growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.”
Not a bad quarter in the least.
Stay tuned for additional details as they become available.