Apple’s Q1 stats: iPhone now makes up 69% of total revenue, 1B iOS devices shipped, Apple Pay & China growth

Tim Cook

Apple announced a lot of numbers during its fiscal Q1 2015 earnings call today in addition to confirming the Apple Watch will ship in April. Some of Apple’s highlights include numbers on Apple Pay since its launch in October, the 1 billionth iOS device shipping in November, and big growth in China as Apple sells a record 74.4 million iPhones during the quarter.

Head below for a roundup of stats and milestones that Apple announced during the call: Read more

Live blog: Apple’s Q1 2015 earnings call

tim-cook-china-7

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 announces Q1 2015 revenue of $74.6b: 74.4m iPhones, 21.4m iPads, 5.5m Macs

(Image via Michael Steeber)

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:

  • iPhone: 74.4 million units
  • iPad: 21.4 million units
  • Mac: 5.5 million units
  • iTunes: $4.7 billion
  • Accessories: $2.6 billion

Totals:

  • Revenue: $74.6 billion
  • EPS: $3.06 per share

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:

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Westlake Apple Store officially opens its doors in Hangzhou, China (Photos)

Westlake Apple Store, Hangzhou, China

Apple CEO Tim Cook shared the grand opening photo via Twitter

Apple’s latest massive retail store—the Westlake Apple Store in Hangzhou, China—had its opening to the public today as officially scheduled. Naturally, much attention has been paid to what is now the largest Apple Store in Asia with Apple teasing the store’s grand opening earlier this month with a magnificent mural by artist Wang Dongling. You can see more shots from the scene around the new Westlake Apple Store below: Read more

Beats Music’s Ian Rogers auctioning lunch in LA or Cupertino for charity

iPhone 6 Beats Music

Former Beats Music CEO and current Apple employee Ian Rogers is participating in a charity fundraiser through the online auction site Charitybuzz. With the estimated value pegged at $3,000, the fundraiser has a starting bid of $600, and runs for two weeks starting today. The highest bidder will have the opportunity to meet the former Beats Music CEO in either Los Angeles (where Beats is headquartered) or Cupertino (near Apple’s campus) for a private lunch meeting. Read more

NY district attorney says Apple’s encryption policy “an issue of public safety” for law enforcement

NYPD-iPhone-01

Bloomberg reports that a Manhattan District Attorney is challenging recent moves by Apple, Google and other tech companies by suggesting government pass laws that prevent mobile devices from being “sealed off from law enforcement.” In an interview this week, the government official called it “an issue of public safety.” Read more

Disney CEO Bob Iger reflects on working with Steve Jobs: the ‘relationship that most shaped his thinking’

Disney CEO Bob Iger Steve Jobs

A Fortune interview with Disney CEO Bob Iger, featured on the magazine’s cover (seen below) today, makes much of the importance of Iger’s relationship with Steve Jobs.

Fortune’s Michal Lev-Ram writes: “If there is one particular relationship that has most shaped [Bob Iger’s] thinking, it’s the six-year friendship he had with another CEO: the late Steve Jobs […]

Ed Catumull, Disney’s animation president, says of the Iger/Jobs relationship: “Steve recognized that in Bob he actually had a partner. In the subsequent years they thought of each other as true partners. That’s what he wanted, and that’s not what he had previously.”

The mutual respect the pair felt for each other was reflected in the fact that Jobs, before his death, asked that Iger be invited to take his place on the Apple board …  Read more

CNN honors Tim Cook as ‘CEO of the year’ thanks to climbing stock price

Apple CEO Tim Cook ranked well on CNN Money’s list of best CEOs of 2014 taking the top spot of CEO of the year. The news organization said Cook has “arguably the toughest CEO job in America” as he battles critics skeptical of his performance running Apple without Steve Jobs and cited the company’s 40% stock climb this year as well as the debut of the iPhones 6 and Apple Pay ahead of the Apple Watch early next year. Read more

Tim Cook makes personal donation to LGBT equality campaign in Alabama, Arkansas and Mississippi

Tim Cook Auburn

Apple CEO Tim Cook has made a “generous personal financial investment” in Project One America, an LGBT equality campaign focused on three Southern states: Alabama, Arkansas, and Mississippi. Human Rights Campaign president Chad Griffin announced the donation on the civil rights organization’s blog today.

When Tim first learned about HRC’s Project One America – our bold, comprehensive campaign to dramatically advance equality for LGBT Americans in Alabama, Arkansas and Mississippi – he said, “I’m in.” Thanks to his generous personal financial investment in the program, together we will move the needle forward at the local and state level, tearing down misperceptions and providing concrete protections for those who need it most.

In announcing the Apple CEO’s personal donation to Project One America, the HRC also praised Tim Cook’s personal essay from October in which he became the first openly gay CEO of a Fortune 500 company: Read more

Tim Cook praises Apple’s accomplishments, reveals $20 million (PRODUCT)RED donation in holiday email

Cook

Apple CEO Tim Cook sent a company-wide email today recapping the year’s accomplishments and looking forward to 2015. Cook praises the “most innovative lineup ever” and expresses his pride in the hard work his employees have put into each product.

The executive highlights this year’s 30th anniversary of the Mac and the release of the latest iPhones, iPads, Mac hardware, and mobile and desktop operating systems, as well as the first public announcement of the Apple Watch. He refers again to Apple’s commitment to helping promote education, and reveals for the first time that this year’s App Store and Apple Online Store (PRODUCT)RED promotions helped the company donate over $20 million to fighting AIDS this year.

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Mark Zuckerberg describes Tim Cook’s views on ad-supported businesses as “ridiculous,” suggests Apple products over-priced

Mark Zuckerberg during a Facebook press event to introduce 'Home' a Facebook app suite that integrates with Android in Menlo Park

In an interview with TIME, Facebook CEO Mark Zuckerberg has described Tim Cook’s comments on ad-supported businesses as “ridiculous,” and suggested that Apple’s products are over-priced.

Zuckerberg was referring to comments Cook made back in September about Apple’s approach to security and privacy, when Cook said:

A few years ago, users of Internet services began to realize that when an online service is free, you’re not the customer. You’re the product. 

While Cook was taking a shot at Google without specifically naming the company, the comment could apply equally well to Facebook, which has the same need to monetize its subscribers …  Read more