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Apple reports highest-ever revenue of $74.6 billion

Staff writer ▼ | January 27, 2015
Apple announced financial results for its fiscal 2015 first quarter ended December 27, 2014. The company posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share.
Apple
Apple   Growth led by record revenue from iPhone, Mac & App Store
Gross margin was 39.9 percent compared to 37.9 percent in the year-ago quarter.
These results compare to revenue of $57.6 billion and net profit of $13.1 billion, or $2.07 per diluted share, in the year-ago quarter. Gross margin was 39.9 percent compared to 37.9 percent in the year-ago quarter. International sales accounted for 65 percent of the quarter's revenue.

Apple is providing the following guidance for its fiscal 2015 second quarter: revenue between $52 billion and $55 billion, gross margin between 38.5 percent and 39.5 percent, operating expenses between $5.4 billion and $5.5 billion, other income/(expense) of $350 million, and tax rate of 26.3 percent.

Apple's board of directors has declared a cash dividend of $.47 per share of the Company's common stock. The dividend is payable on February 12, 2015, to shareholders of record as of the close of business on February 9, 2015.

"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 bill


 

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