Apple has posted record quarterly revenue of $74,6-billion and record quarterly net profit of $18-billion, or $36 per diluted share for its 2015 first quarter ended December 2014.
These results compare to revenue of $57,6-billion and net profit of $13,1-billion, or $27 per diluted share, in the year-ago quarter. Gross margin was 39,9% compared to 37,9% in the year-ago quarter. International sales accounted for 65% of the quarter’s revenue.
The results were fuelled 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,” says Tim Cook, Apple’s CEO. “Our revenue grew 30% 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% over last year, and $33,7-billion in operating cash flow during the quarter, an all-time record,” says 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 as follows:
* Revenue between $52-billion and $55-billion;
* Gross margin between 38,5% and 39,5 percent;
* Operating expenses between $5,4-billion and $5,5-billion;
* Other income/(expense) of $350-million; and
* Tax rate of 26,3%.
