Apple’s Q1 2015 financial results: Everything you need to know

News / Mobile phones

Apple’s Q1 2015 financial results: Everything you need to know

  • 2015-02-13 13:24:13
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News / Mobile phones Apple’s Q1 2015 financial results: Everything you need to know

Yesterday,  Apple posted recording breaking numbers, with quarterly revenue of $76.4 billion and quarterly net profit of $18 billion, or $3.06 per diluted share in the fourth fiscal quarter of 2014 (first calendar quarter of 2015), compared to revenue of $57.4 billion and quarterly net profit of $13.1 billion, or $2.07 per diluted share, in the year-ago quarter.

As expected, Apple revealed a lot of stats and numbers during its Q1 2015 earnings call. We take a close look at those numbers below.

iPhone

  • Apple sold 74.5 million iPhones, compared to 51 million iPhones in the year-ago quarter, 46% increase.
  • iPhones generated $51.18 billion in revenues for Apple, compared to $32.5 billion in the year-ago quarter, 57% increase.
  • iPhone sales in BRIC countries was very strong, up 97% year-over-year, and 44% in the U.S. iPhone sales doubled year-over-year in China, Brazil and Singapore.
  • Apple sold over 34,000 iPhones every hour, 24 hours a day, everyday of the quarter.
  • The average selling price was $687, an increase of $50 over the year ago quarter.
  • iPhone is available with about 375 carriers, and over 210,000 points of sale across the world.

iPad

  • Apple sold 21.41 million iPads during the quarter, compared to 26.04 million iPads in the year-ago quarter, decline of 18%.
  • iPads generated $8.99 billion in revenues for Apple, compared to $11.47 billion in the year-ago quarter, decline of 22%.

Mac

  • Apple sold a record 5.52 million Macs, compared to 4.84 million Macs in the year-ago quarter, 14% increase.
  • Macs generated $6.94 billion in revenues, compared to $6.4 billion in the year ago quarter, 9% increase.

Apple Pay

  • 750 banks and credit unions have signed up for Apple Pay.
  • $2 out of the $3 spent on purchases using contactless payment across the three major card networks in the U.S is via Apple Pay.
  • Apple Pay represents nearly 80% of Panera Bread’s mobile payment transactions.
  • Whole Foods Market had seen mobile payments increased by more than 400% since the launch of Apple Pay.

iOS/iTunes/Apple TV

  • Apple sold the 1 billionth iOS device on November 22nd. It was a Space Gray 64GB iPhone 6 Plus.
  • iTunes software and service generated revenue of $4.8 billion, up 9% year over year.
  • iOS developers have earned over $25 billion from the App Store to date.
  • Apple has sold 25 million Apple TVs till date.

Apple Stores

  • Apple now has a total of 447 retail stores. 10 new stores were opened in the last quarter.
  • Apple opened two new stores in China, and is on track towards 40 stores in China by mid-2016.

Financials

  • Apple posted record quarterly revenue of $74.6 billion as compared to $51.03 billion in the year-ago quarter, 30% increase.
  • Quarterly net profit of $18 billion, compared to the net profit of $13.1 billion in the year-ago quarter.
  • EPS climbed to $3.06 per diluted share, as compared to $2.07 per diluted share, in the year-ago quarter
  • Gross margins was 39.9 percent compared to 37.9 percent in the year-ago quarter.
  • International sales accounted for 65 percent of the quarter’s revenue.
  • $178 billion in cash, a sequential increase of $22.7 billion.
  • Cash flow from operations was $33.7 billion.
  • Tax rate for the quarter was 26.3%
  • Apple announced a dividend payout of $0.47 per share payable on February 14.

Future Guidance

Apple has also given the following guidance for this quarter:

  • Revenue between $52 billion and $55 billion
  • Gross margin between 38.5 percent and 39.5 percent
  • Operating expenses between $5.4 billion and $5.5 billion
  • Other income/(expense) of $350 million
  • Tax rate of 26.3 percent

The numbers, especially if you look at the iPhone numbers, are quite staggering. Apple beat its own guidance by a whopping $10 billion in revenues. $18 billion in profits is the biggest quarterly profit ever made by a public company, according to Standard and Poor’s (via BBC). It tops the $15.9 billion made by ExxonMobil in the second quarter of 2012. Apple shares closed on Tuesday at $109.14, down 3.5%, but not surprisingly are up by over 6% in after-hours trading at the time of writing this post.

[Source: AppleSeekingAlpha]


Categories: Mobile phones

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