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.