Apple announces Q1 2015 results: 74.5 million iPhones, 21.4 million iPads, 5.5 million Macs sold, $74.6 billion in revenue earned!

AirDrop
AirDrop (Image credit: iMore)

Apple has announced their Q1 2015 earnings and the numbers include Apple announces Q1 2015 results: 74.5 million iPhones, 21.4 million iPads, 5.5 million Macs sold, $74.6 billion in revenue earned! Apple's CEO, Tim Cook:

"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."

Reaction is pretty much what you'd expect:

See more
See more
See more
See more
See more

You can read the full press release below, tune into the conference call via Apple.com, and keep it locked to iMore for ongoing coverage.

Apple Reports Record First Quarter Results

Highest-ever revenue & earnings drive 48% increase in EPS

Growth led by record revenue from iPhone, Mac & App Store

  1. 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.

The results were fueled by all-time record revenue from iPhone® and Mac® sales as well as record performance of the App Store℠. iPhone unit sales of 74.5 million also set a new record.

"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."

"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."

Apple is providing the following guidance for its fiscal 2015 second quarter:

• revenue between $52 billion and $55 billion

• gross margin between 38.5 percent and 39.5 percent

• operating expenses between $5.4 billion and $5.5 billion

• other income/(expense) of $350 million

• tax rate of 26.3 percent

Rene Ritchie
Contributor

Rene Ritchie is one of the most respected Apple analysts in the business, reaching a combined audience of over 40 million readers a month. His YouTube channel, Vector, has over 90 thousand subscribers and 14 million views and his podcasts, including Debug, have been downloaded over 20 million times. He also regularly co-hosts MacBreak Weekly for the TWiT network and co-hosted CES Live! and Talk Mobile. Based in Montreal, Rene is a former director of product marketing, web developer, and graphic designer. He's authored several books and appeared on numerous television and radio segments to discuss Apple and the technology industry. When not working, he likes to cook, grapple, and spend time with his friends and family.