Record iPhone Sales Boost Apple Revenues

Apple has reported the largest profits for any company in history - driven by record sales of the iPhone across the US and China

Brian Colello, CPA 28 January, 2015 | 9:06AM
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Brian Colello: Apple (AAPL) reported an outstanding quarter, revenue crushed estimates. The company forecasted $66.5 billion of revenue on the high end, it came at $74 billion, its ahead of our estimates, ahead of street estimates and pretty much the biggest beat they've had in about 12 quarters. So really a spectacular quarter.

It was all driven by the iPhone, they sold 74.5 million units. The company again was looking for something in the mid-60 million unit range, we were actually a slightly more conservative than that. So it did exceptionally well, sales in China more than doubled, sales in the U.S. grew by over 40% so really exceptional iPhone results.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Apple Inc145.19 USD-0.31Rating

About Author

Brian Colello, CPA  is a senior stock analyst with Morningstar.

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