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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. 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…

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