Here’s what it all means, as a series of easy-to-understand charts.
Apple just announced the best quarter in its history. Apple earned $57.6 billion in Q1 2014, an all-time high. And just look at the growth in revenues over the last five years. It’s absolutely astronomical. Apple has almost quadrupled Q1 revenues since 2010. In the last year alone, there’s been a big jump of $10 billion from last year’s first quarter.
Here it is in more detail. This chart shows revenue and profits quarter-by-quarter since 2010. Revenue shows a strong upward trend, while profit tends to fluctuate a bit. Interestingly, you can see that the company made the same profit of $13 billion in the holiday quarters of 2012, 2013, and 2014.
Where’s all the money coming from? iPhones. Apple is making most of its revenues and profits from iPhones. 62 percent of the products Apple sells are iPhones, and 36 percent are iPads. Macs account for just six percent of the total pie. Apple is a mobile company, through and through.