Apple has revealed that the Apple Watch will ship in April, though a specific date wasn’t given. The announcement came during today’s earnings call.
Today during Apple’s Q1 earnings call with investors, CEO Tim Cook announced that the company sold its billionth iOS device back in November. Read more
Ahead of Apple’s fiscal Q1 2015 earnings report today, there were signs that Apple had enjoyed significant growth in China and a record number of smartphone sales in the region during the holidays. Today, we get some more insight into that growth, as Apple reported a 157% increase from the previous quarter: revenue of $16.144 billion in Greater China compared to $6.292 billion in Q3. Read more
As it revealed earlier this month, Apple will have its quarterly conference call today at 2 PM Pacific/5 PM Eastern to discuss earnings from its fiscal year 2015 first quarter results. These results include sales 74.4 million iPhones, 21.4 million iPads, and 5.5 million Macs. Earlier today the company reported that it earned $74.6 billion in revenue during FY 2015 Q1.
While Apple’s previous quarter included the opening weekend of iPhone 6 and iPhone 6 Plus sales, today’s numbers include the bulk of the sales in the United States and the initial sales of the new models in key markets including China. Today’s reported numbers do include the first sales numbers for the iPad since Apple began shipping the iPad Air 2 and iPad mini 3, and the first Mac numbers since the Retina 5K iMac went on sale. Apple Pay will also be an area of interest for listeners as the mobile payment service only launched the day of the last quarterly conference call.
Investors and analysts will have an opportunity to ask Tim Cook and company questions during the earnings call, and we’ll be listening closely to bring you coverage. Read more
Apple announced its Q1 2015 earnings results today reporting $74.6 billion in revenue earning $18 billion in profit during the three-month period.
Apple® today announced financial results for its fiscal 2015 first quarter ended December 27, 2014. The Company posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share. These results compare to revenue of $57.6 billion and net profit of $13.1 billion, or $2.07 per diluted share, in the year-ago quarter. Gross margin 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.
In addition to its revenue and profit disclosure, Apple reported sales numbers for the following categories:
Apple CEO Tim Cook said the following regarding the quarter:
“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 CFO Luca Maestri added this:
“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.”
Ahead of today’s earnings report, sales numbers for both the iPhone and iPad were particular areas of interest. Q1 2015 held the bulk of the iPhone 6 and iPhone 6 Plus sales in the United States and saw the new iPhone models debut in key countries like China. Meanwhile, the iPad sales numbers were particularly interested following last quarter’s year-over-year shipment decrease and the release of the iPad Air 2 and iPad mini 3 in October.
Apple’s Q1 2015 numbers follow last quarter’s results of $42.1 billion in revenue and sales of 39 million iPhones, 12.3 million iPads, and 5.5 million Macs. For the same quarter a year ago, Apple reported $57.6 billion in revenue and sales of 51 million iPhones, 26 million iPads, and 4.8 million Macs. Compare also to profit last quarter of $8.5 million and a year ago of $13.1 billion.
Apple will hold its conference call today at 2 PM Pacific/5 PM Eastern to discuss the quarter’s numbers, follow along for our coverage then. Both Cook and Maestri will likely share prepared remarks then answer a round of questions from analysts on the call.
For Q2 2015 Apple is providing guidance between $52 billion and $55 billion. The full Q1 earnings results release is below:
Apple also released iOS 8.1.3 with various bug fixes today.
Apple released the iOS 8.1.3 software update for iPhone, iPad, and iPod touch users today. The update is available over-the-air through the Software Update section of the Settings app. The update includes the usual bug fixes and performances improvements, and notably claims to reduce the amount of free storage required to perform the update. Read more
While individual retailers have been announcing support for Apple Pay as more NFC terminals enable the service, it’s still hit and miss on vending machines and other self-serve, unattended hardware. USA Technologies today announced it’s bringing support to around 200,000 of these self-serve payment terminals that its customers use for everything from coffee brewers to vending machines, kiosks, laundry equipment and pay parking terminals. Read more
Western Union announced today that it’s now accepting Apple Pay, Apple’s new iPhone-based NFC payment service, across all of its flagship locations in the US.
That means you can now use the contactless payment service to send money and pay bills through Western Union stores as well as kiosks in around 7,600 Walgreens and Duane Reade stores. Read more