Anyone wanting an illustration of why smartphone unit sales are not the single most important metric for judging success should check out wealth management company Canaccord Genuity’s findings about Apple’s iPhone sales versus profits.
According to Canaccord Genuity, despite selling less than 20 percent of all smartphones, Apple rakes in a massive 92 percent of operating income. Samsung, by contrast, ekes out just 15 percent to take second place. Everyone else basically broke even or lost money.
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.
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: