Here are 5 interesting facts to note from Apple’s earnings call.
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.
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.
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.
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.
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.
]]> https://touchreviews.net/5-interesting-facts-apples-q1-2015-earnings-report/feed/ 0Now that the dust has settled on the beginning of the iPad presales period, some interesting facts have started to come out about the initial draw of the device. Regardless of your opinion of the iPad and its future success as a consumer device, you have to admit that the numbers that have come to light are very telling.
Before we talk about some raw statistics, it is interesting to note this one thing: any sales Apple does between now and general availability of the device are completely site unseen. All of these sales are based on the presentation skills of Steve Jobs, a commercial that started airing at the Oscars, and the wall to wall media coverage that started in January. No review units in the media, no press junkets to play with the device. It is a marketing tactic completely unprecedented in the world of modern computing. Would you buy a new car without driving it? Would you buy a house without seeing it? Of course not. What this does speak to however is the trust the computing public who are already predisposed to buying an Apple device have in the quality of Apple products. We may not have seen an iPad for ourselves but we have seen MacBooks, iMacs, iPods, and iPhones and they are good. What do we have to lead us to believe the iPad would be otherwise? Nothing.
The real story is the numbers though. Stan Shroeder, in an article on Mashable, reports that some estimates are saying Apple sold 150,000 iPad’s in the first 60 hours of presale availability. A 100,000 of those were sold in the first 10 hours. Even if everyone only bought the $499 base WiFi version, simple math tells you that’s $74,850,000 USD in Apple’s pocket after 60 hours. And surely not everyone bought the base version. Although I can’t speak to verifiable facts, I would dare say that is probably one of the highest initial presales in history.
But you may be unimpressed with that number so let me use another number to put that into perspective for you.
Google’s much vaunted “super phone”, the Nexus One, had only sold 135,000 units after the first 74 days of availability. Yes, you read that right. Not the first 74 hours of availability.
A wise man once told me people generally vote with their wallets. In the case of the iPad, I think the buzz and demand around the presales period speaks for itself. It will be interesting to see how many have been sold before the first one sees the light of day on April 3rd. If the initial orders are any indication, Apple has another winner on their hands.
What do you think? Will all the people who preordered be crushed with disappointment on April 3rd? Will the iPad be an oversold flop or the most successful personal computing device of all time. Leave us a comment and let us know.
]]> https://touchreviews.net/ipad-pre-sales-strong-statistics/feed/ 1Fortune’s Phillip Elmer-DeWitt announced that “51,000 orders in two hours” had been completed shortly after noon on the first day.
Many high profile bloggers have been reporting on their order details and Andrew Erlichson wrote “We just bought two iPads, about 30 minutes apart. Our order IDs are 10,000 apart. Assuming those order IDs are sequential, and they appear to be, then Apple is selling 20,000 iPads per hour.”
Andrew’s opinion could be slightly off, as those figures could simply be all Apple Store orders made over that period of time. But in any case those figures won’t include pre-orders for in-store pickup, or multiple orders. You can currently buy two iPads per person, and store orders don’t count in those kinds of sales figures as no purchase is made.
Victor Castroll from the Valcent Financial Group and AAPL Sanity had this to say:
“We’re at 90k in 6 hours. Keep in mind, this doesn’t include multiple orders but we have some dirty data from regular Apple business which now is about 4k orders out of the 88k orders. So, we estimate Apple has already sold about 90k today, not including in-store reserves.”
“$54 million in revenue in a quarter of a day is a great opening. Looks like contrary to much speculation about who would actually want one of these, like the iPhone, people are voting with their wallets. Considering these are just pre-orders for a product still three weeks out, iPad is home run.”
With sales figures like this it’s pretty obvious why Apple is limiting regions initially. Especially if they are not up to full speed on manufacture yet.
Have you ordered your iPad yet? Better hurry!
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