Record iPhone sales as Apple hits back
iPhone, Mac and App Store revenues led Apple’s Q1 2015 into the record books in the quarter ending December 27, 2014. Reports of the demise of Apple in the smartphone wars proved to be exaggerated as the company revealed 74.5 million iPhones sold, also a new record.
Net profit hit $18 billion on $74.6 billion in revenue, up from $13.1 billion profit on $57.6 billion revenue in the year ago quarter. International sales accounted for 65% of revenues. The company delivered its customary conservative guidance for Q2, $52 billion to $55 billion in revenue. Shareholders will receive $0.47 per share.