Apple announced a record-breaking 74.5 million iPhone units sold during the first quarter of the fiscal 2015 that ended on December 27. Thanks to strong sales in China, the Cupertino giant posted a record-shattering quarterly revenue and net profit of $74.6 billion and $18 billion respectively.
The financial results amount to a net profit of $3.06 per share. The numbers show a staggering 30% increase over the same quarter last year. The latter ended with $57.6 billion of revenue and net profit of $13.1 billion ($2.07 per share).
At 21.4 million, Apple iPad sales came in slightly lower than expected (21.5 million). The company moved 26 million slates for the same period a year ago.
The iPhone sales were not the only reason for the record performance. Apple posted “all-time record revenue” from Mac (5.2 million sold) and App Store transactions. The company didn’t mention iPod sales this time around.
Going forward, Apple expects between $52 billion and $55 billion of revenue during next quarter. The company’s board of directors declared a cash dividend of $.47 per share for the quarter it just reported.
Apple Watch will begin shipping in April
Apple will begin shipping its smartwatch in April. Tim Cook, the Cupertino giant’s CEO, confirmed the news during today’s quarterly earnings call.
As it turns out, Apple Watch will ship later than expected. Recent reports suggested that the wearable device will ship in March. No specific date for the launch of the smartwatch is set just yet.
A slightly underwhelming battery performance might be the underlying reason for the delayed shipping of the Apple Watch. The device was initially supposed to become available in “early 2015.”