Apple has reported all-time record revenue of $74.6 billion with a record net profit of $18 billion in their earnings for the financial year Q1 2015 that ended December 27, 2014. Revenues were up 30% and earnings up 38% year-over-year. The international sales in this quarter is 65% of the quarter’s revenue, up 5% up compared to last quarter. Apple sold a record 74.5 million iPhones, compared to 23.4 million over last year, representing 46% growth, 21.4 million iPads, compared to 26 million year-over-year and 5.5 million Macs during the quarter.
Revenue from developed countries were up 20% and revenue from emerging countries up 58% in the quarter. The performance of Greater China segment was impressive, with revenue up 70%, said the company. Considering iPhone, unit sales were up 44% in the U.S. and up 97% in the BRIC countries. iPhone sale doubled year-over-year in China, Brazil and Singapore.
Quarterly sales of iPhone exceeded $50 billion for the first time ever. On average Apple sold over 34,000 iPhones every hour, 24 hours a day, everyday of the quarter globally, said the company’s CEO at the conference call. He expects Apple Watch to begin shipping in April.
Apple partnered with IBM to release 10 MobileFirst iOS Apps for Business back in December, it will release another 12 apps this quarter, including three new industries, healthcare, energy and utilities and industrial products, said the CEO. App Store revenues was up 41% from a year earlier. Apple opened 10 new retail stores during the quarter. It opened two new stores this month in Greater China and aims to open 40 stores in Greater China by mid-2016.