Thursday, 29 January 2015

Apple posts record profit in Q1 2015: 5 Important things to know

For Apple the year 2015 has begun with good news of record profits. The company organized the Q1 2015 financial year first quarter results conference call this week, it which it announced record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion.
 
The company posted a revenue of $51,182 million from the sale of iPhones which is more than twice what it earned in Q4 2014.
 
The Steve Jobs company sold a stunning 74.5 million iPhones in its holiday quarter, which is past analyst expectations of 69 million in sales. This helped “drive the company to record profits of $18 billion”, says WashingtonPost.
 
At the conference call, it also revealed the date of shipping for its first wearable watch. The new wearable announced in September last year - the Apple Watch - will start shipping in the month of April this year, said Apple.

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