Apple’s Q1 Earnings


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.


Apple sold over 74 million iPhones, over 21 million iPads and 5.5 million Macs. This compares to 39 million, 12 million, and 5.5 million units in the previous quarter. Apple Q1 covers the holiday sales quarter, plus the first substantial quarter with iPhone and iPad product refreshes. iTunes also saw continues growth of $4.7 billion up from $4.6 billion in sales.

What's remarkable for old-timers is it seems not that long ago Apple as a whole made around $1.5 billion in a quarter. Now it makes three-times that selling just content for its various products.