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Apple posts world’s biggest quarterly profit

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US technology giant Apple has broken records once again, this time posting the biggest every quarterly profit of any public company worldwide. The company posted quarterly revenue of $74.6 billion (€65.8 billion) and record quarterly net profit of $18 billion (€15.8 billion) for its fiscal 2015 first quarter ended December 27, 2014.

The results present a huge gain on Q4 2013 figures, which saw Apple post revenue of $57.6 billion (€51 billion) and net profit of $13.1 billion (€11.5 billion).

The results were fuelled by all-time record revenue from iPhone and Mac sales as well as record performance of the App Store. iPhone unit sales of 74.5 million also set a new record.

“We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high,” said Tim Cook, Apple’s CEO. “Our revenue grew 30% over last year to $74.6 billion (€65.8 billion), and the execution by our teams to achieve these results was simply phenomenal.”

“Our exceptional results produced EPS growth of 48% over last year, and $33.7 billion (€29.7 billion) in operating cash flow during the quarter, an all-time record,” said Luca Maestri, Apple’s CFO. “We spent over $8 billion (€7 billion) on our capital return programme, bringing total returns to investors to almost $103 billion (€91 billion), over $57 billion (€50 billion) of which occurred in just the last 12 months.”

Apple announced it forecasts its fiscal 2015 second quarter revenue to be between $52 billion and $55 billion (€45.8 billion and €48.5 billion).

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