Apple sells blockbuster 61M iPhones, nets $13.6B profit in record March quarter

Posted:
in AAPL Investors edited May 2015
Apple on Monday reported yet another record breaking quarter, selling more than 60 million iPhones in the three-month period ending in March, a significant 40 percent year over year increase.



The record smashing iPhone sales reaching 61.17 million units earned Apple $13.57 billion in revenue for the quarter, up from $10.22 billion a year ago.

Mac sales were another bright spot for Apple, increasing 10 percent year over year to 4.56 million units.

iPad sales, however, proved disappointing, reaching just 12.6 million units for the March quarter. That's a decrease of 23 percent from the same period a year ago.

Earnings per share were also up to $2.33, from $1.66 a year ago. Overall revenue also increased 27 percent to $58.01 billion, up from $45.65 billion a year ago.

Apple saw its greatest growth in the quarter from China, where revenue was up a massive 71 percent year over year. Gross margins were 40.8 percent, compared to 39.3 percent in the same period a year ago.

"We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever," said Tim Cook, Apple's CEO.""We're seeing a higher rate of people switching to iPhone than we've experienced in previous cycles, and we're off to an exciting start to the June quarter with the launch of Apple Watch."

Apple also highlighted the success of the App Store in its announcement on Monday, noting that a record performance for its digital download service contributed to the company's record quarter.

"The tremendous customer demand for our products and services in the March quarter drove revenue growth of 27 percent and EPS growth of 40 percent," said Luca Maestri, Apple's CFO. "Cash flow from operations was also outstanding at $19.1 billion."

Looking ahead to the current June quarter, Apple has guided investors with the following estimates:
  • revenue between $46 billion and $48 billion
  • gross margin between 38.5 percent and 39.5 percent
  • operating expenses between $5.65 billion and $5.75 billion
  • other income/(expense) of $350 million
  • tax rate of 26.3 percent
«1345678

Comments

  • Reply 1 of 153
    tomhayestomhayes Posts: 127member

    Doomed!

  • Reply 2 of 153
    welshdogwelshdog Posts: 1,639member
    The Dynamite! It appears to have gone BOOM!
  • Reply 3 of 153
    Blimey.
  • Reply 4 of 153
    SpamSandwichSpamSandwich Posts: 30,424member
    tomhayes wrote: »
    Doomed!

    And they used to be such a good company.... /s
  • Reply 5 of 153
    xixoxixo Posts: 417member
    I'd be curious to know what percentage of overall profits in tablets were earned in the 1st quarter by Apple...
  • Reply 6 of 153
    totaltotal Posts: 83member
    Quote:

    Originally Posted by sog35 View Post

     

    My target of $150 will be reached this year.


    well, actually hovering about $134 right after earnings, very little move given impressive growth, how typical for AAPL, compared with GOOG or Microsoft last week :)

  • Reply 7 of 153
    plovellplovell Posts: 786member
    iPad sales down -- DOOM imminent !!!!
  • Reply 8 of 153
    adonissmuadonissmu Posts: 1,772member
    Well there you have it folks! Apple is slaying all expectations again.
  • Reply 9 of 153
    rogifanrogifan Posts: 10,669member
    And the stock is up less than $2 after hours. Google reported a miss on the top and bottom line and the stock shot up $20 after hours and ended the next day up 3%. :rolleyes:
  • Reply 10 of 153
    Trolls: seek refuge from these uncomfortable, positive facts. Come back another day when you can spread FUD.
  • Reply 11 of 153
    dimmokdimmok Posts: 359member

    Congrats Apple!

  • Reply 12 of 153
    xixoxixo Posts: 417member

    That's 28,000 iPhones an hour (470 per minute) over the entire 24 hour days of the 1st quarter...

  • Reply 13 of 153
    [I][SIZE=6]BBBBBoom![/SIZE][/I]
  • Reply 14 of 153
    And they used to be such a good company.... /s

    They were before Steve died... /s
  • Reply 15 of 153
    brlawyerbrlawyer Posts: 828member

    And 70% of their revenue now depends on the iPhone - good news?

     

    Just in case, think of it as Chile without the copper.

  • Reply 16 of 153
    SpamSandwichSpamSandwich Posts: 30,424member
    rogifan wrote: »
    And the stock is up less than $2 after hours. Google reported a miss on the top and bottom line and the stock shot up $20 after hours and ended the next day up 3%. :rolleyes:

    Yeah, but GOOG is trading at $555 and Google is worth much less than Apple.
  • Reply 17 of 153
    slurpyslurpy Posts: 5,076member
    61M in a March quarter? Fucking insane.
  • Reply 18 of 153
    fallenjtfallenjt Posts: 3,948member
    Hey all Wall Street clowns, STFU!
  • Reply 19 of 153
    xixoxixo Posts: 417member
    Quote:
    Originally Posted by fallenjt View Post



    Hey all Wall Street clowns, STFU!

     

    "Apple beats expectations where it matters, but iPad a huge miss, Mac light." - just quoted by an clown analyst 

  • Reply 20 of 153
    rogifanrogifan Posts: 10,669member
    brlawyer wrote: »
    And 70% of their revenue now depends on the iPhone - good news?

    Just in case, think of it as Chile without the copper.

    It's been that way for many quarters now.
Sign In or Register to comment.