$74.6 billion, that’s how much Apple made in its fiscal 2015 first quarter ended December 27, 2014.
The record quarterly profit equates to $3.06 per diluted share. This marks the biggest quarterly profit made by a public company to date.
“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 30 per cent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal.”
This quarter’s revenue is substantially more than the $57.6 billion in revenue and net profit of $13.1 billion reported in the year-ago quarter.
Any thought that Apple’s popularity wasn’t going strong is undoubtedly dispelled, as the company cites the all-time record revenue to iPhone and Mac sales. A record performance of the App Store was also highlighted, along with a record 74.5 million sales of their iPhone unit.
Apple’s earning call also saw Mr Cook reveal that the Apple Watch, previously known to many as the iWatch, would be released in April.
According to 9to5mac, Mr Cook said that his expectations for the product were very high, that he couldn’t live without it, and that the highly anticipated bit of Apple technology would be released in early 2015, meaning the “first four months.”
Although many were expecting the Apple Watch to be released in Q1, Cook said that it was still “sort of within the range.”
Apple’s guidance for its fiscal 2015 second quarter points to revenue between $52 billion and $55 billion and a gross margin between 38.5 per cent and 39.5 per cent.
