This web app will put Apple’s historic earnings in more human terms. Photo: Cult of Mac
Yesterday, Apple announced that it had a monster quarter. In Q4, it sold 74.5 million iPhone sales to go along with $74.6 billion in revenue and $18 billion in profits. Not only that, but it broke the record for the most money made by any corporation in history.
Having a hard time figuring out how to quantify numbers like that? Check out this incredible visualizer.
Tim Cook has a lot to be happy about. Photo: Apple
Apple closed its earnings call this afternoon after announcing an unprecedented 74.5 million iPhone sales to go along with $74.6 billion in revenue and $18 billion in profits. It broke the record for the most money made by a corporation in history.
While breaking down the Q1 2015 numbers, Tim Cook and CFO Luca Maestri also gave us some juicy details about what’s in store for 2015 by hinting at new products in the pipeline, as well as subtly dropping the Apple Watch’s release date.
We’ve combed through the numbers and the conference call and found seven huge new revelations every Apple fan needs to know:
Apple’s earnings from last quarter will be historic. Photo: Jim Merithew/Cult of Mac
Tim Cook and CFO Luca Maestri are getting ready to announce Apple’s biggest earnings ever to investors this afternoon, and we’ll be on hand to liveblog all the action.
The results are expected to be historic, thanks to unprecedented demand for the iPhone 6 and 6 Plus in not only the US, but also China. Wall Street expects Apple to blow past its projected revenue of $63.5 billion to $66.5 billion and hit somewhere closer to an all-time high of $68 billion.
Analysts expect iPhone 6 sales to have topped more than 66 million, but Apple expert Ben Bajarin is predicting any number lower than 70 million would be a result of supply chain limitations, not demand. Mac sales are also expected to be strong, while the iPad remains the only wild card.
The call begins at 2 p.m. Pacific, but the liveblog action starts now. Keep this tab open and come back throughout the day for coverage of Apple’s biggest quarter ever.
AAPL shares have been tanking the last few weeks after reaching a record high in 2014, but Apple is looking to stop the bleeding later this month by announcing what’s expected to be another record breaking earnings report for Q1 2015 on January 27th.
Net iPhone sales up up by 12%, with global earnings of $102 billion in 2014 versus $91 billion last year. iMac sales are up by the same 12%, too, with 24 million units sold this year compared to 21.5 million in 2013.
The iTunes Store is doing its bit as well, with a total of $10.2 billion in net sales, up from $9.3 billion in 2013. Apple says that app sales are up, but also acknowledges that this increase is partially offset by a decline in digital music sales.
We’re still waiting for Tim Cook and Peter Oppenheimer to start today’s earnings call, but now that the closing bell has rung Apple just released its official financial results for Q4 2013. So far the numbers look pretty good with Apple beating analyst estimations for revenue and profit with $37.5 billion and $7.5 billion respectively.
Sorting through the pile of information and numbers Apple just gave us can make your head spin, so we’ve broken it down for you. Here are the most important numbers you need to know from today’s earnings:
Google stock has risen 13% today, surpassing $1,000 for the first time ever. It comes a day after the search giant announced its earnings for last quarter, which beat Wall Street expectations thanks to a surge in mobile and video advertising that helped increase quarterly revenue by 23%.
For the last four years, T-Mobile has been just battered by the iPhone. Unable to ink the same deals with Apple as AT&T, Sprint, and Verizon to get the Jesus Phone on their networks at a subsidized price, T-Mobile tried to sell itself to AT&T, only to have the deal killed by the FCC.
In desperation, T-Mobile tried a new approach: they decided to call themselves an “Un-carrier” and start offering untraditional no-contract, upgrade-anytime-you-want plans. And you know what? It’s really paying off for them.
Google has released an official AdSense app for Android and iOS, allowing AdSense users to keep track of their earnings on the go. You can keep an eye on your latest earnings for the day, see what you earned yesterday, and view your earnings for the month so far — plus lots more.