In lieu of a post for each bit of news, here's an informal collection of the most important facts from Apple's first quarter earnings release yesterday along with some interesting tidbits: Sales and Revenue
- It was a record quarter with $18 billion of profit on revenues of $74.6 billion.
- That’s the most quarterly earnings by any company ever - link
A billion served
- In November, Apple shipped its one billionth iOS device - a space gray 64GB iPhone 6 Plus. Apple is keeping it at its headquarters.
- Maybe it’s next to the gold millionth Apple II (at 3:44 mark) - link
- Apple shipped a record 74.5 million iPhones - well above expectations.
- Apple is now the No. 1 smartphone maker in China - link
- Amazingly, at the same time, average selling price (ASP) for iPhone was up - link
- There's an awkward silence from those that said Apple must build a less expensive iPhone.
- Mac revenue set a new all-time record with units up 14% over the year ago quarter to 5.5 million.
- Impressive given the fact that the rest of the PC market continues to struggle.
- iPad sales didn’t fare as well, with units down to 21.4 million vs. 26 million in the year ago quarter.
- Tim Cook gave two reasons:
- A longer upgrade cycle
- Cannibalization by iPhone and Mac
- Tim also gave a few reasons to be optimistic:
- First-time buyer rates are very high
- Customer satisfaction rating are “off the charts”
- He feels feel “very, very good” about what is in the pipeline for iPad
- Opportunities in enterprise, including the Apple’s IBM partnership
- Tim Cook: “I believe that over the long arc of time, the iPad is a great business.”
- Apple Watch is “on track” and scheduled to ship in April.
- Here’s a countdown timer for app submissions - link
- Tim Cook: “I’m using it every day, love it, and can't live without it.”
- Me: “Nice humble brag, Tim.”
- Revenues were up an incredible 41%.
- Apple Pay already makes up two of every three dollars in contactless payments through American Express, MasterCard, and Visa.
- Tim Cook: "We are more confident than ever that 2015 will be the year of Apple Pay."
- Transcript of Apple CEO Tim Cook’s statements on the analyst call - link
- Nice collection of charts - link
Straight from Apple: