5 Interesting facts you need to know from Apple’s Q1 2015 earnings report
Last week Apple Inc. (NASDAQ:AAPL) reported the highest quarterly results in its entire history. AAPL posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion. These figures are certainly very impressive given the fact that every year analysts predict Apple’s doom.
Here are 5 interesting facts to note from Apple’s earnings call.
1. Apple beat every company in the world with the highest quarterly net profit.
Apple’s Q1 2015 net profit was more than any other company in the world. In the top 20 list of highest quarterly net profit Apple is the only consumer electronics company to be featured on the list, others are Oil & Gas companies. Apple is featured 5 times on the same list.
2. Apple made a net profit of $8.3 million every hour this quarter.
When you were happy that you got a good 7 hour sleep on a certain day, Apple earned about $58.1 million in the same amount of time. That’s not bad for a company whose entire product lineup could fit on top of your dinning table.
3. The billionth iOS device Apple sold was a Space Gray 64GB iPhone 6 Plus.
During its earnings call Apple’s CEO Tim Cook announced that on November 22nd the company shipped their 1 billionth iOS device. Apple has saved the billionth iOS device at the Apple HQ in Cupertino.
4. Apple Pay makes up more than $2 out of $3 spent on purchase using contactless payment in the U.S.
Within three months after launch of Apple Pay, the service now supports about 750 banks and credit unions. According to Apple WholeFoods saw a 400% increase in mobile payment since the introduction of Apple Pay.
5. iPad sales slumped this quarter.
While all major product categories grew in revenue and units sold, Apple’s iPad sales figures were lower than expected. In Q1 2015 Apple sold 21.4 million devices compared to 26 in the year ago quarter. Apple introduced the all-new iPad Air 2 and iPad mini however, this did not help Apple is posting record sales for the tablet.