NEWS‎ > ‎

Apple sets new records in Q1 2015

posted Jan 27, 2015, 7:06 PM by Barny CK
The figures are out. Apple has made $74.6 billion in revenues, $18.04 billion in profit last quarter, beating Russia’s Gazprom (the largest natural gas extractor in the world) as the world's highest quarterly earner. Gazprom's highest earning and previous record stood at $16.2 billion in a quarter. For Apple, the last quarter earnings is a roughly 30% jump from Q1 2014 earnings. In that quarter, Apple earned $57.6 billion in revenue and $13.1 billion in profit. The jump in earnings is attributed to iPhone sales. 74.5 million units of iPhones were sold, 21.4 million units of iPads were sold and 5.52 million units of Macs were sold. In October last year, Apple launched the iPhone 6 and iPhone 6 Plus phablet and these devices are critical to Apple's current run of success. China remains the target market for these devices and that has earned Apple another title. For the first time ever, Apple has beaten Samsung and unseated newcomer Xiaomi to become the fastest selling smartphone in China. Xiaomi is now number 2 while Samsung is relegated to number 3.