Apple’s first quarter FY 2015 net profit at USD 18 billion – Biggest quarterly profit in corporate history

Apple on 27th January 2015 announced its financial results for the quarter ending December 27, 2014. Apple posted quarterly net profit of USD 18 billion compared to USD 13.1 billion in the year ago quarter. Revenue of the company has also gone up to USD 74.59 billion in comparison to USD 57.6 billion in the first quarter of fiscal year 2014.

During Q1 FY 2015, Apple’s revenue from greater china has gone up by 70% to USD 16.1 billion from USD 9.5 billion in the first quarter of FY 2014.

Gross margin is at 39.9 percent compared to 37.9 percent in the year-ago quarter.

apple iphone6

image source: apple

During this quarter, Apple has set a record iPhone sale of 74.5 million units compare to 51 million units of first quarter FY 2014.

Apple also sold 21.4 million iPads and 5.5 million Macs in this first quarter of FY 2015. Compared to first quarter of FY 2014, ipad sales have declined from 26 million units to 21.4 million, 18% decline. But, Mac sale has gone up by 14% from 4.8 million units in first quarter of FY 2014 to 5.5 million this quarter FY 2015.

Company’s Board of directors also announced a cash dividend of USD 0.47 per share of the apple’s common stock which will be payable on February 12, 2015 to shareholders of record as of the close of business on February 9, 2015.

“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.”

“Our exceptional results produced EPS growth of 48 percent over last year, and $33.7 billion in operating cash flow during the quarter, an all-time record,” said 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 Inc.

Q1 2015 Unaudited Summary Data

Units in thousands, Revenue in USD millions

Q1 FY 2015 Q1 FY 2014
Units Revenue Units Revenue
iPhone 74,468 51,182 51025 32498
iPad 21,419 8,985 26035 11468
Mac 5,519 6,944 4837 6395
Services 4,799 4397
Other Products 2,689 2836
Total   74,599   57594


Apple Inc.

Q1 2015 Unaudited Summary Data

Revenue in USD millions

Q1 FY 2015 Q1 FY 2014 Q4 FY 2014 YOY Change
Americas        30,566 24789 19,750 23%
Europe  17,214 14335 10,350 20%
Greater China   16,144 9496 6292 70%
Japan 5,448 5045 3595 8%
Rest of Asia Pacific 5,227 3929 2136 33%
Total  74,599 57594 42,123 30%

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