Apple has posted a whopping profit of $18 billion


Nowadays, everyone is talking about the remarkable success which Cupertino- based smartphone behemoth Apple Inc. has managed to achieve with its latest array of revolutionary devices. The latest portfolio of iPhones have turned out to be the game changer for the company as it broke all the records forecasted by the Wall Street. iPhone shipments and revenues have set new records. This massive success has become a driving force for much-awaited Apple Watch. On the other hand, the iPad segment has been lacking the same achievements despite recent amendments in order to strengthen it within the enterprise market.

As per the latest statistics, Apple has posted a whopping profit of $18 billion, or almost $3.06 per share, on $74.6 billion in revenue. The forecasts from the analysts and watchdogs targeted earnings were $15.3 billion, or $2.58 per share, on $67.4 billion in revenue. Apple’s latest income also managed to beat its own guidance from October, which posted its fiscal 2015 Q1 revenue between $63.5 billion and $66.5 billion.

Apple executive Tim Cook seemed to be much glad with the success story of its under-estimated company as expressed his feelings as, “Apple feels honored to thank our valued clients for such an unbelievable quarter earnings, which resulted in Apple products demanded reaching its all-time high level. “Our income sheet rose 30 percent in comparison to 2014 to $74.6 billion mark, and this whole would not be possible without the assistance of our hardworking teams.”

The dark horses behind the success story of Apple were none other than its latest mainstream smartphones, the iPhone 6 and iPhone 6 Plus. The company saw serious difficulties in ensuring the stocks maintained for most of the holiday season. Apple sold nearly 74.5 million devices in the quarter, which are nearly 46 percent up from 51 million in the identical duration back in 2013. Due to the impressive rise in demand, iPhone market share rose in the U.S. to 42.3 percent in 2014, which were 40 percent higher than 2014, as per the figures from eMarketer.

The market research firm Canalys have highlighted that Apple has been also becoming a huge success in planet’s biggest market China, where is has snatched the first position for the inaugural time from its furious rivals such as Xiaomi, Samsung and Huawei, in terms of units shipped in the December quarter.

Other than the iPhone, Mac devices also posted healthy results with 5.5 million units’ shipment, which are 14 percent higher from 4.8 million units shipped in 2014 for the same period. Apple’s iPad couldn’t manage to turn the tables for the company despite aggressive advertising efforts, with 21.4 million devices sold, seeing a 17.7 percent cut down from the 26 million units sold back in 2013. Market watchdog IDC also mentioned that the global urge for tablets have seen a big slash as it has dropped from 52.5 percent growth in 2013 to 7.2 percent in 2014.