Apple Posts Record $75 Billion Quarterly Revenue, Sells 75 Million iPhones

Apple today announced financial results for its fiscal 2015 first quarter.

The world’s most valuable company posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion. These results compare to revenue of $57.6 billion and net profit of $13.1 billion in the year-ago quarter. Profit was was 39.9 percent compared to 37.9 percent in the year-ago quarter.

iPhone unit sales of 74.5 million also set a new record. Apple sold an average of 25 million iPhones per month, or nearly one million per day.

“We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high,” said Tim Cook, Apple’s CEO. “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.” 

“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. “We spent over $8 billion on our capital return program, bringing total returns to investors to almost $103 billion, over $57 billion of which occurred in just the last 12 months.”

Apple anticipates revenue to drop down to $55 billion for the current quarter.