Apple Q1 2015: $58 billion revenue, $13.6 billion net profit

By Ram Srinivasan, Epoch Times Contributor
April 27, 2015 Updated: April 28, 2015

Apple’s stock surged–again–after it announced its quarterly results for the January to March 2015 quarter. The company continued to best itself, reporting $58 billion in revenue for the quarter and $13.6 billion in net profit, up from $45.6 billion revenue and $10.2 billion profit last year.

Apple’s CEO Tim Cook said that the results were the “best March quarter results ever” for the company, and they were fueled by strong iPhone 6 sales. “We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles, and we’re off to an exciting start to the June quarter with the launch of Apple Watch,” Cook said in a prepared statement.

The company sold 61.2 million iPhones, 12.6 million iPads and 4.6 million Macs during the period. While iPad sales were lower than expected, the buoyant iPhone sales more than made up for the iPad.

The company also said said that the “all-time record performance of the App Store” contributed to its bottom line, likely due to increasing sales of mobile apps, music and video on its online store.

With the Apple Watch coming out soon, the Cupertino based hardware giant can expect more sales from its new product.

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