The Apple Beat: Apple surges behind iPhone 6 sales, what's next?

Apple CEO Tim Cook may not be a master showman on stage, but he's masterfully engineered Apple's most profitable quarter in history By Gadjo Cardenas Sevilla

Any doubt or cynicism on CEO Tim Cook’s leadership in the post-Steve Jobs era evaporated after the news of Apple’s US $18 billion profit, the most profit ever reported by a publicly-traded company.

Under Tim Cook’s leadership, Apple once more managed to shatter earnings expectations and post record highs in revenues and profits behind the surging popularity and sales of the iPhone 6 line which is now the company’s biggest earning product and which secures its place in the mobile industry in the markets where it is sold.

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Apple breaks record with 74.5 million iPhones sold in previous quarter, revenue of $74.6 billion

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.” 

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Lenovo earns top spot of PC+tablet market

Lenovo had a goal to become the biggest PC and tablet maker by the end of 2016. They seem to have reached that about six financial quarters earlier. Based on their latest earnings release, Lenovo takes the cake of the PC+tablet world with a US$262 million net profit for the three months between July and September. There has been a big upswing for tablet and smartphone sales from Lenovo as well as a boost from the enterprise side. 

Source: Lenovo | Via: Engadget 

Strong iPhone sales yield record March Quarter revenue for Apple

Apple held its quarterly earnings call for the second quarter of the fiscal year and reported quarterly revenue of $45.6 billion and quarterly net profit of $10.2 billion, or $11.62 per diluted share. These results compare to revenue of $43.6 billion and net profit of $9.5 billion, or $10.09 per diluted share, in the year-ago quarter. Gross margin was 39.3 percent compared to 37.5 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.

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