The Cupertino company is on a roll right now. In an industry where its largest competitor is losing revenue and market share to upcoming producers, Apple continues to do well with their product range. Yesterday Apple released its Q1 2015 results and the numbers do look quite rosy.
Last quarter Apple broke all of its records by selling a crazy 74.5 million iPhones in just one quarter, building up $74.6 billion in revenue in the process. Apple‘s revenue this quarter isn‘t as significant when compared to last quarter, but if compared to the same quarter last year, the company broke yet another record.
This past quarter Apple claims to have sold 61 million iPhones which increased their revenue to $58 billion (for Q1 in 2105). This would be Apple‘s most successful March quarter in history, and most of this success has to do with Apple‘s performance in China. As of now China becomes Apple‘s second largest market by revenue, as it brought the company $16.8 million, and leaving Europe as third.
The global trend in decreasing PC sales hasn’t really affected Apple as they sold 4.66 million Macs (a 10% increase over the same quarter last year). The only black sheep in the Apple family seems to be the iPad which only manged to sell 12.6 million units, a 23% decline compared to the same quarter last year.
There were no official statistics on the sales of the Apple Watch, which is understandable seeing that the product only launched in the US a few days ago. I do however see an over performance in expected sale of the expensive smartwatch.
Apple has really done well this quarter, it will be interesting to see how they address the decline in tablet sales.
Source: PocketNow
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