Apple posts record $74.6 billion revenue; iPhone sales up, iPad sales down

Huge growth in iPhone sales brought in a record $51 billion revenue from phone sales alone, with the launch of the iPhone 6 and iPhone 6S helping Apple shift over 74 million units.

Apple reported iPad sales of 21.4 million for the same quarter (Q1 2015), bringing in just under $9 billion in revenue. These iPad figures were down on the previous year, however - a drop of 18 per cent in units sold and 22 per cent in revenue.

Revenue from "iPod, Apple TV, Beats Electronics" and other accessories came in at $2.7 billion, down five per cent year-on-year.

The total Apple quarterly revenue of $74.6 billion represented an overall year-on-year increase of 30 per cent, and is Apple's highest-ever recorded revenue. Accordingly, Apple also posted a record quarterly-net-profit of $18 billion.

Apple also revealed it now has $19.5 billion in "cash and cash equivalents" tucked-away in reserve.

Tim Cook, Apple’s CEO, said: "We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high. Our revenue grew 30 per cent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal."

MORE: Apple acquires music analytics service ahead of iTunes streaming launch

Joe Cox
Content Director

Joe is Content Director for Specialist Tech at Future and was previously the Global Editor-in-Chief of What Hi-Fi?. He has worked on What Hi-Fi? across print and online for more than 15 years, writing news, reviews and features. He has covered product launch events across the world, from Apple to Technics, Sony and Samsung, reported from CES, the Bristol Show and Munich High End for many years, and provided comment for sites such as the BBC and the Guardian. In his spare time he enjoys playing records and cycling (not at the same time).