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Apple iPhone sales up 46% to 74.5M in Q1-FY15; Net profit at record $18Bn

It looks like Apple had a massive holiday quarter: net profit of $18 billion for the quarter ended December 27, 2014, as compared to $13.1 billion profit in the same quarter last year. This is Apple’s biggest ever quarter in terms of profits and as TechCrunch points out, the biggest ever quarterly profit for a publicly listed company.

Total revenues also grew significantly to $74.6 billion for the quarter, up 29.5% from $57.6 billion revenues in the same quarter last year. This was driven by a significant growth in the revenues from iPhone and Mac sales during the quarter.

Apple Store

iPhone & Mac sales soar

Apple sold a record 74.5 million iPhones during the quarter, registering a 46.1% growth from 51 million in the same quarter. Revenues from this segment also grew by 57% to $51.2 billion, from $32.5 billion in the same quarter last year.

Note that the December ended quarter (Q1-FY15 in case of Apple) is traditionally the strongest quarter for device sales, since it includes the holiday season. The company had also refreshed its iPhone lineup in September last year, by launching two new iPhones – iPhone 6 and the iPhone 6 Plus. These phones made its India debut about a month later, in time for the Diwali season.

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This revenue growth also led to an increase in the segment’s contribution to Apple’s overall revenues: iPhones sales now contribute for 68.6% of Apple’s total revenues, up from 56.3% in the previous quarter and 56.4% in the same quarter last year.

Mac sales also grew by 14% to 5.52 million units for the quarter, from 4.84 million units in the same quarter last year. The revenues also saw a modest 9% growth to $6.95 billion for the quarter, from $6.4 billion in the same quarter last year.

iPad sales continues to slide

iPad sales however continues to decline for the fourth consecutive quarter, with the company selling 21.5 million units during the quarter, down 18% from 26.04 million units in the previous quarter. The revenues also dipped by 22% to $8.99 billion for the quarter, from $11.5 billion in the same quarter last year.

Services revenues grow by 9%

The revenues from services segment grew to $4.8 billion for the quarter, up 9% from $4.4 billion in the same quarter last year. This includes revenues from the iTunes Store, the App Store, the Mac App Store, the iBooks Store, AppleCare, Apple Pay and revenues from licensing and other services.

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Revenues from Other Products dip 5%

Revenues from other products declined to $2.69 billion for the quarter, down 5% from $2.84 billion in the same quarter last year. This includes revenues from the sales of iPod, Apple TV, Beats Electronics and Apple-branded and third-party accessories. Note that Apple has started bundling iPod sales with other devices starting this quarter.

Financials

– Apple’s Asia Pacific revenues grew to $5.2 billion for the quarter, up 33% from $3.93 billion revenues in the same quarter last year. Note that these revenues doesn’t include revenues from Greater China (China, Hong Kong and Taiwan) and Japan region, which is reported separately.

– International sales now account for 65% of Apple’s revenue for the quarter, up from 61% in the same quarter last year.

– Gross margin was 39.9% as compared to 37.9% in same quarter last year.

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– Apple has $33.7 billion in operating cash flow for the quarter.

DownloadPress Release | Data Sheet

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