Posted on 01/27/2015 1:45:21 PM PST by Swordmaker
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.
The results were fueled 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,” said Tim Cook, Apple’s CEO, in a statement. “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.”
Apple Unit Sales Q115:
“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, in a statement. “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:
Apple’s board of directors has declared a cash dividend of $.47 per share of the Company’s common stock. The dividend is payable on February 12, 2015, to shareholders of record as of the close of business on February 9, 2015.
Thomson Reuters analysts’ consensus estimates called for net income of $2.60 a share (compared with a split-adjusted $2.07 YOY). Analysts forecast record revenue of $67.7 billion (versus then-record $57.6 billion reported in Q114). Analysts polled by Fortune forecast iPhone unit sales of 66.5 million (vs. 51.025 million in Q114).
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If this was an oil company showing these profit margins the left would be apoplectic . . .
Apple Inc.
NASDAQ: AAPL - Jan 27 4:55 PM ET
109.14Price decrease3.96 (3.50%)
After-hours: 114.79Price increase 5.65 (5.18%)
But the stock was still down $3.96! I guess Wall St didn’t like the numbers.
I was just thinking about that. Greedy Big Tech is an leftist-approved robber baron.
Just upgraded today from an iPhone 4s to a 6.
Wow! Apple is amazing!
BUT ... have no worries ... I know there are a number of FReepers who regularly show up saying Apple is just about ready to FAIL ... because all Apple has done is simply fool a 100 Million customers ... :-) ...
One has to be a complete idiot not to own Apple stocks.
Those horrible, left wing, gay, stupid Apple customers are multiplying! Horrors!
I am soooooo glad I own Apple stock!
Likewise with that the left seethes when they call perfectly legal, profitable corporations "Big Pharma" or "Big Tobacco". Liberals seem to eschew the far more apt term, "Big Labor".
I can’t wait to do the same thing. My contract is over on March so I can upgrade then.
• Tim Cook: On December 22nd Apple shipped the one billionth iOS device, a space gray 64GB iPhone 6 Plus which we’ve saved here at Apple.
After hours it is up 8%
Sorry! Yahoo was up 8% and Apple 5%
Financial “numbers” are not released on a day until AFTER the closing hour on Wall Street.
• Dec. ChangeWave survey: 97% iPhone satisfaction rate
Apple is shaking down the poor with their overpriced gadgets again. /s
Nov. ChangeWave survey: 98% iPad Air satisfaction rate
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