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. 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. 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…
- Ban bike taxis: Telangana Gig and Platform Workers’ Union write to the State Transport Ministry December 5, 2022
- “Foreign state actor” may be responsible for the ransomware attack on AIIMS-Delhi: Report December 3, 2022
- Agenda: Reworking The Data Protection Bill, Delhi, 8th Dec #Ad December 3, 2022
- Why has the deadline to comply with UPI market share cap been extended by the NPCI? December 3, 2022
- India’s IT Minister on DPDP Bill: Law should be kept ‘simple’, subordinate rules won’t exceed Act December 3, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...