Apple announced its financial results for its fiscal first quarter of 2015 this afternoon, and the numbers are staggering. The company sold 75.4 million iPhones and earned $74.6 billion in revenue, smashing both Wall Street expectations and its own records.
We’re just finishing up the conference call, where Tim Cook and other members of the executive team discussed Apple’s performance, and offered up some insights into its future. And as usual, we’ve rounded up the 15 most interesting points for you below.
- Apple garnered record-high $18 billion in profit during Q1 2015, now has $178 billion cash pile
- It sold 74.5 million iPhones during the period, 46% growth over last year
- There are now over 210k points of sale for iPhone—375 carriers covering over 72% of world’s mobile phone subscriber base
- December Changewave survey measured 97% satisfaction rating for iPhone
- Despite declining iPad sales, Cook still optimistic on its future
- iPad usage numbers are 6x its nearest competitor: it accounts for 71% of web browsing on all tablets, 80% of commerce
- Apple said it sold its billionth iOS device in November of last year
- Over 25 million Apple TVs sold to date
- Tim Cook on Apple TV future: “we continue to work on ways we can make a greater contribution than what we’re doing.”
- Apple Watch production on schedule, will begin shipping in April
- Apple Pay now makes up more than 2 of 3 purchases using contactless card payments across VISA/MC/AMEX
- Apple Pay accounts for 80% of mobile payment transactions at Panera Bread
- Tim Cook on international Apple Pay rollout: “It’s an area where there’s quite a bit of difference country-to-country. It’s going to take heavy lifting to scale.”
- There are now 447 Apple Stores around the world
- 182 of those stores are outside the US—Apple expects to have 40 stores in greater China alone by mid 2016
Again, this was an incredibly great quarter for Apple, and investors agree. Shares of APPL were down nearly 4% for the day, but they climbed up more than 5% in after-hours trading. It’ll be interesting to see if it can carry this momentum through to Q2.