Apple's iPhone models have broken sales record for the company with 74.5 million units sold in the previous quarter. Apple's financial results for its fiscal 2015 first quarter ended December 27, 2014. Apple posted a record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share which is the largest in its history.
Apple shattered expectations from analysts and Wall Street who were 'only' expecting sales of 65 million units sold for the iPhone.
Aside from strong iPhone 6 and iPhone 6 Plus sales, Mac sales have also surged for Apple. “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 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal.” Apple also sold its one billionth iOS device last quarter.
The strength on iPhone sales could be credited to the new large sizes and form factors that brough a larger 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus to the market as well as improved iOS 8 operating system which integrates increasingly well witht the desktop Mac OS Yosemite.
“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.