News by Luke Jones on Monday April 27, 2015.
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As is usually the case at the start of a year, there was plenty of uncertainty surrounding Apple heading into the company's first quarter results. Of course, there wasn't really but after a record crushing fourth period of 2014 we have been treated to analyst predictions such as the Samsung Galaxy S6 eating into iPhone sales, profits possibly falling, and even that the Apple Watch would not strike a chord with consumers.As is also usually the case, Apple has quickly silenced all those critics and proved that while it is debatable whether the company has the best products these days, it certainly has the best business. The company took down Wall Street expectations by shifting 61.2 million iPhone units during its fiscal second quarter (1st quarter calendar). For all those worried about or indeed hoping for Apple's demise, that 61.2 million represents a record for the company through its second quarter. Of course, this meant that the word from Cupertino was bullish, with CEO Tim Cook saying more people than ever were coming to the iPhone, with a 40% year on year growth in iPhone sales. Compared to the last (frankly crazy) first quarter (fourth 2014 calendar), Apple slipped 18%, but that was expected considering the industry best period the company had last time out. While the iPhone continues to go from strength to strength, the iPad continues to show signs of decline. Indeed, the slate is still the best selling tablet on the market by some margin, but sales slumped to 12.6 million, which again was below expectations. Cook keeps saying iPad sales will recover when new enterprise initiatives comes into play, but it is certainly the one division causing Apple problems. The iWatch only started shipping last Friday, so it missed out any hard info this time; we will have to wait until next quarter to see how it performed.
We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever. We're seeing a higher rate of people switching to iPhone than we've experienced in previous cycles, and we're off to an exciting start to the June quarter with the launch of Apple Watch."-Tim Cook, CEO, Apple.The stellar sales meant that the company drew in $58.01 billion during the quarter, $2 billion above predictions and up from $45.6 billion this time last year. Profits also grew, to $13.6 billion this year compared to $10.2 billion in 2014, and again were above expectations.
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.