Tuesday, January 27, 2015

Apple Announces Record Earnings

Apple announced its quarter ending December 2014 earnings results today, with strong revenue, profit and EPS growth year-over-year, beating consensus earning estimates:
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. 
Highlights:
  • iPhone: 74.4 million
  • iPad: 21.4 million
  • Mac: 5.5 million
  • iTunes: 4.7 million
  • Accessories: 2.6 million  
  • Total Revenue: $74.6 billion
  • EPS: $3.06 per share