Apple Q1 2016: 74.77 Million iPhones Sold; $75.9 Billion in Revenue
Shortly after the iPhone 6s/6s Plus was launched and the first performance reviews hit the Web, an avalanche of reports started claiming that sales weren’t as high as expected, because the new features weren’t worth the upgrade – at least not for iPhone 6/6 Plus owners. Now, add reports of Apple lowering iPhone 6s orders to the mix, and you get the result: The company’s stock price fell 26% below the all-time high of $134.54 set back in February.
Still Apple continues to amaze analysts and investors alike with every quarterly earnings. As for the first fiscal quarter of 2016, the company has reported sales of 74.77 million iPhones, and revenue of $75.9 billion, with sales generating net profit of $18.4 billion.
Apple’s Q1 2016 in numbers:
– 74.77 million iPhones
– 16.12 million iPads
– 5.21 Mac computers.
Back in Q1 2015, Apple sold 74.47 million iPhones, 21.4 million iPads, and 5.5 million Macs.
“Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV,” said Tim Cook, Apple’s CEO. “The growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.”
“Our record sales and strong margins drove all-time records for net income and EPS in spite of a very difficult macroeconomic environment,” said Luca Maestri, Apple’s CFO. “We generated operating cash flow of $27.5 billion during the quarter, and returned over $9 billion to investors through share repurchases and dividends. We have now completed $153 billion of our $200 billion capital return program.”
Ahead of the quarterly earnings report, analysts had set their expectations high, with some going as far as 82.9 million iPhones.