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Tuesday, January 27, 2015

Apple reveals record quarterly results

Tim Cook announces April launch for Apple Watch

Apple has announced financial results for the first quarter of its 2015 financial year. For the three-month period until 27th December 2014, the company says quarterly revenue reached a new record of $74.6 billion (£49 billion) and quarterly net profit hit a new high of $18 billion (£11.9 billion).

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During the announcement, CEO Tim Cook revealed the forthcoming Apple Watch is due to be released in April 2015.

Almost 74.5 million iPhones were sold during the quarter (up 46% year-on-year), although iPad sales were down 18% to 21.4 million.

Mr Cook said “We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high. 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.”

Figures from eMarketer showed that iPhone owners accounted for 42.3% of all smartphone users in the USA and 30.5% of smartphone users in the UK last year. 51.8% of all US tablet users and 53% of UK tablet owners had an iPad last year, both down slightly from 2013.

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Author: The Fonecast
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Categories: Handsets and manufacturers, NewsNumber of views: 11603

Tags: watch apple ipad iphone

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