Apple Is Eating The World

Mighty Things

For the Connected World

Apple Is Eating The World

Apple released its December 2015 quarter results, both surpassing even the most bullish Wall Street expectations and reporting a record profit for any company ever. iPhone sales were better than expected, reaching 75m units a quarter (highest ever sales, highest ever average price), driven by larger sizes and China. In fact, Apple’s sales in China are exploding despite a strong player like Xiaomi. Here are Apple’s staggering numbers:

Profit: $18 Billion

Apple posted net of $18 billion for its fiscal first quarter ended Dec. 27, up from $13.1 billion in the same period a year earlier.

Earning Per Share: Up 48%

Earnings per share rose more sharply, up 48% to $3.06 from a split-adjusted $2.07, because of Apple’s share buyback program.

Revenue: $74.6 Billion

Revenue increased 30% to $74.6 billion from $57.6 billion.

iPhones Sold: 74.5 Million

This total equates more than 34,000 phones an hour, or 567 iPhones a minute, and 9.4 units a second.

Revenue Growth In China: 70%

Revenue rose 70% during the quarter, to $16.1 billion for greater China (including Taiwan and Hong Kong).

iPads: Down 18%

Apple sold 21.4 million iPads during the December period, down 18% from a year earlier.

Apple Pay: Up

Two out of every three Apple Pay accounts for two of every three dollars spent via contactless payments on Visa , MasterCard or American Express.

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