Apple Q1 revenues hit almost US$75bn – 74.5m iPhones and 21.4m iPads sold

27 Jan 2015

Pictured: Apple CEO Tim Cook

The Apple juggernaut keeps on rolling as the Californian tech giant has just posted first quarter revenues of US$74.6bn and profits of US$18bn after selling a whopping number of iPhones and iPad devices.

During the quarter Apple sold 74.5m iPhones, some 21.4m iPads and 5.52m Mac computers.

“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.

“Our revenue grew 30pc over last year to US$74.6bn, and the execution by our teams to achieve these results was simply phenomenal.”

The results compare to Q1 2014 revenues of US$57.6bn and profits of US$13.1bn.

In the first quarter of this fiscal year Apple enjoyed a gross margin of 39.9pc.

Global sales outside the US accounted for 65pc of Apple’s Q1 revenue.

Apple investors were returned US$57bn in just the last six months

“Our exceptional results produced EPS growth of 48pc over last year, and US$33.7bn in operating cash flow during the quarter, an all-time record,” said Luca Maestri, Apple’s CFO.

“We spent over US$8bn on our capital return program, bringing total returns to investors to almost US$103bn, over US$57bn of which occurred in just the last 12 months.”

Looking ahead to the second quarter Apple is predicting revenue of between US$52bn and US$55bn and a gross margin of between 38.5pc and 39.5pc.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years