On January the 27^th Apple announced its sales of the 1^st quarter of their fiscal year , making a record of sales reaching net profit of $18bn - this is the biggest quarterly profit ever made by a public company.

That is a 29.5% growth in revenue year-over-year, and a 37.4% increase in net profit. Gross margin was up 2% to 39.9% as compared to Q1 2014 .

Apple sold 74.5 million iPhones in the three months to 27 December - quite higher number than the original estimation by analysts . Very big part on this is the iPhone sales in China went up for about 70% . Next up from Apple is iPad sales, which struggled over the last year. Last quarter, the Mac over took iPad for revenue. The new iPads did reverse that trend, with an impressive 74% increase in units sold since the last quarter. 21.4 million iPads were sold in Q1, with revenue coming in at $8.985 billion .

Apple’s iTunes, App Store, Mac App Store, iBooks, AppleCare, Apple Pay, and licensing fall into their Services segment, and this business line had modest growth of 4% quarter-over-quarter and 9% year-over-year, with it now pulling in almost $4.8 billion per quarter.

Apple posted “all-time record revenue” from Mac (5.2 million sold) and App Store transactions.

All in all Apple had increased sales in comparison with 2014 ( without announcing the ipod sales for this quarter ) in all their product line – with iPhone being the jewel of the company , bringing in 68.6% of the company’s revenue for this quarter . This equals to Microsoft ($26.47B), Google ($16.52B), and Intel ($14.72B) combined sales .

Author : Janis Tsouroupidis

Sources :

http://www.bbc.com/news/business-31012410

http://www.gsmarena.com/apple_sold_record_745_million_iphone_units_in_q1_2015-news-10948.php

http://www.anandtech.com/show/8940/apple-q1-fy-2015-financial-results-record-iphone-sales-drive-record-earnings