On Tuesday Apple delivered one of the most outstanding earnings report in history. The company’s financial results for its fiscal 2015 first quarter ended December 27, 2014 showed it made $4.9 billion than it did at the same period last year.

“Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal,” said Tim Cook, Apple CEO.

With a quarterly net profit of $18 billion, compared to $13.1 billion net profit a year ago, Apple has made quite an exceptional growth, a growth that sets a new record in quarterly gains by companies globally.

Up until now, Russia’s Gazprom, the world’s biggest natural gas extractor, was record holder for the biggest earning in a quarter with $16.2 billion, which Apple has trumped with the $18.04 billion.

Such amount made in a quarter relatively means that the company made about $8.4 million dollars profit per hour, in a day. It is however important to note that International sales accounts for 65 percent of the quarter’s revenue.

“Our exceptional results produced EPS growth of 48 percent over last year, and $33.7 billion in operating cash flow during the quarter, an all-time record,” said Luca Maestri, Apple’s CFO.

According to company records, iPhones sales in Q1 2015 was the biggest ever, surpassing the last record by 23.4 million units to end at 74.6 million. The record showed that Apple sold about 34,490 iPhones per hour in Q1 2015.

The company said in a release that the results were fueled by all-time record revenue from iPhone and Mac sales as well as record performance of the App Store.

Apple says it committed over $8 billion to its capital return program, bringing total returns to investors to almost $103 billion. The board of directors has declared a cash dividend of $.47 per share of the Company’s common stock, payable on February 12, 2015, to shareholders of record as of the close of business on February 9, 2015.


By Hadassah Egbedi

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