Apple posts $74.6 billion in revenue, $18 billion in profit for Q1 2015 financial report

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Date: Tuesday, January 27th, 2015, 17:48
Category: Finance, iPad, iPhone, News

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It was a good quarter for Apple.

Per 9to5Mac, Apple announced its Q1 2015 earnings results today, the company reporting US$74.6 billion in revenue and earning US$18 billion in profit during the three-month period.

The results showed a gross margin of 39.9 percent compared to 37.9 percent in the year-ago quarter. International sales accounted for 65 percent of the quarter’s revenue.


In addition to its revenue and profit disclosure, Apple reported sales numbers for the following categories:

iPhone: 74.4 million

iPad: 21.4 million

Mac: 5.5 million

iTunes: 4.7 million

Accessories: 2.6 million

“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.”

Apple CFO Luca Maestri added this:

“Our exceptional results produced EPS growth of 48 percent over last year, and US$33.7 billion in operating cash flow during the quarter, an all-time record,” said Luca Maestri, Apple’s CFO. “We spent over US$8 billion on our capital return program, bringing total returns to investors to almost US$103 billion, over US$57 billion of which occurred in just the last 12 months.”

Ahead of today’s earnings report, sales numbers for both the iPhone and iPad were particular areas of interest. Q1 2015 held the bulk of the iPhone 6 and iPhone 6 Plus sales in the United States and saw the new iPhone models debut in key countries like China. Meanwhile, the iPad sales numbers were particularly interested following last quarter’s year-over-year shipment decrease and the release of the iPad Air 2 and iPad mini 3 in October.

Apple’s Q1 2015 numbers follow last quarter’s results of US$42.1 billion in revenue and sales of 39 million iPhones, 12.3 million iPads, and 5.5 million Macs. For the same quarter a year ago, Apple reported $57.6 billion in revenue and sales of 51 million iPhones, 26 million iPads, and 4.8 million Macs. Compare also to profit last quarter of US$8.5 million and a year ago of US$13.1 billion.

Apple has also set up a streaming link for anyone interested in listening to a replay of the conference call and taking in the minutiae.

As always, let us know what you think in the comments.

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