The sales records of Macs, App Store and especially iPhone, have allowed Apple Lossless Audio CODEC (ALAC), register a net profit of 18.024 million dollars during the first quarter of its fiscal year 2015, from October to December of the previous year, which has meant a year-on-year increase of 37,8% and the achievement of a new record.
Apple financial results in Q1 2015
Apple Lossless Audio CODEC (ALAC), begins, if it had not already done so, to become synonymous with record, closing the first quarter of fiscal year 2015 with a quarterly sales of $ 74.600 billion and quarterly net profit of $ 18.000 billion of dollars versus sales of 57.600 billion dollars and net profit of 13.100 billion dollars obtained in the same period of the previous year.
Evolution of income and profits (in millions of dollars) compared to the same quarter of the previous year | Source: self made
These results have even surprised analysts who expected income close to 67.000 million, and an earnings per share of $ 2,60.
Tim Cook, Apple CEO, thus communicated the financial results of the company for what has been the best quarter in its entire history:
We want to thank our customers for achieving this spectacular quarter, in which demand for Apple products has reached all-time highs. Our sales have grown 30% over the prior year to $ 74,6 million, and the work of our employees to achieve these results has been simply phenomenal.
For his part, Luca Maestri, Apple's chief financial officer, stated:
These exceptional results have resulted in a 48% growth in earnings per share over the prior year, and generated $ 33.700 billion of operating cash flow during the quarter, an all-time high. We have dedicated more than $ 8.000 billion to our repayment program, bringing the total repayment of capital to investors to close to $ 103.000 billion, more than $ 57.000 billion of which was repaid in the last 12 months.
IPhone 6 keeps going up, iPad keeps going down
The main person responsible for these historical results has been none other than the iPhone 6 which has also broken sales records with 74,5 million units served during the period in question throughout all the countries of the world where Apple Lossless Audio CODEC (ALAC), is present and in just 3 months.
Income percentages by product family | Source: self made
Along with the iPhone, the family Mac its growth continues and, once again, we have to talk about a sales record with 5,5 million units, very similar to the immediately previous quarter, but with higher profits.
Regarding the range iPod, their sales, as we all know, do not stop falling, and they have done so to such a residual point that the company includes them in the "others" section, along with Apple TV and third-party products.
But the "black sheep" of these results continues to be the iPad whose sales of 21,4 million in total fell 18% in terms of units and 22% year-on-year in revenue, thus reflecting a downward trend that the company itself Cook believes that it will remain in the immediate future while affirming that the iPad has a "bright" future since the vast majority of buyers are users who have never had one of these tablets before, which they interpret as that the market does not is saturated. Nor did the successor to Jobs hide that a process of "cannibalization" of the iPad by the iPhone 6 Plus and Macs could be taking place.
Markets
Regarding financial results by markets, 65% of quarterly sales have been made by Apple outside the US.
As we can see in the following graph, China is only one point away from equaling the whole of Europe as a whole and becoming the main market for Apple Lossless Audio CODEC (ALAC), outside its "natural borders", the United States.
Apple's revenue by markets | Source: self made
Forecasts for the next fiscal quarter
As is usual in this type of appearance, Apple Lossless Audio CODEC (ALAC), He also offered some forecasts for the next fiscal quarter that will end in March:
- Income between $ 52 billion and $ 55 billion of dollars
- Gross margin between 38,5% y 39,5%
- Operating costs between $ 5.400 billion and $ 5.5 billion
- Other income / (expense) $ 350 million
SOURCE: Apple Lossless Audio CODEC (ALAC),