Apple Q1 2015: Record $74.6B revenue, 74.5M iPhones, 24.4M iPads

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Apple reported its first quarter 2015 financial results today, selling 74.5 million iPhones and 24.4 million iPads. The company posted quarterly revenue of $74.6 billion and quarterly net profit of $18 billion, or $3.06 per diluted share. In Q1 2014, Apple had revenue of $57.6 billion and net profit of $13.1 billion, or 2.07 per diluted share. Gross margin was 39.9 percent compared to 37.9 percent a year ago. International sales contributed to 65 percent of this quarter’s revenue.

For Q2 2015, Apple is providing guidance of revenue between $52 billion and $55 billion, and gross margin between 38.5 percent and 39.5 percent. Apple’s earnings call will begin at 5 p.m. EST, and can be heard live on the company’s investor website.

“We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high,” Apple CEO Tim Cook said in a statement. “Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal.”

“Our exceptional results produced EPS growth of 48 percent over last year, and $33.7 billion in operating cash flow during the quarter, an all-time record,” said Luca Maestri, Apple’s CFO. “We spent over $8 billion on our capital return program, bringing total returns to investors to almost $103 billion, over $57 billion of which occurred in just the last 12 months.”

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Jesse Hollington

Jesse Hollington was a Senior Editor at iLounge. He's written about Apple technology for nearly a decade and had been covering the industry since the early days of iLounge. In his role at iLounge, he provided daily news coverage, wrote and edited features and reviews, and was responsible for the overall quality of the site's content.