Financial ResultsIndustry Insight

Apple posts highest ever revenue, biggest ever by a public company

Shareholders of Apple Inc will have a fat pocket, 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.

Apple posted its financial results for its fiscal 2015 first quarter and the numbers have made it to the history book, its the biggest ever by a public company.

The Company posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share. 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 Chief Financial Officer Luca Maestri told Reuters in an interview that the company did not sell more iPhones in China than the United States, despite some earlier predictions by research analysts.

Key Highlights:

Apple sold 74.5 million  iPhone units, its a record. iPad sales were 21.4 million and Mac, 5.5 million

The revenue grew 30 percent over last year to $74.6 billion

$33.7 billion in operating cash flow during the quarter, an all-time record

Total returns to investors to almost $103 billion, over $57 billion of which occurred in just the last 12 months

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