Apple’s Q1 2016 earnings: 74.8M iPhones, 16.1M iPads, $75.9B revenue

As is par for the course, another set of months has passed, and now it’s time for another quarterly earnings report from Apple, the house that built the iPhone. Apple has posted yet another strong quarter. In fact, this quarter was the strongest for the company to date. And, as usual, the iPhone is leading the charge. Apple’s other key products, including iPads and Macs, were still sold in the millions, all of which combined to earn the Cupertino-based company billions in revenue in the three month span since its last quarterly earnings report. These results also include sales of the Apple Watch, the new Apple TV, and the iPad Pro.

Here is a breakdown of Q1 2016 numbers compared to figures from the same quarter in 2015.
  • Revenue: $75.9 billion versus $74.6 billion last year
  • iPhones: 74.8 million versus 74.5 million last year
  • iPads: 16.1 million versus 21.4 million last year
  • Macs: 5.3 million versus 5.5 million last year
And here are some comments on the numbers from Tim Cook and Apple’s CFO Luca Maestri:
“Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV,” said Tim Cook, Apple’s CEO. “The growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.” “Our record sales and strong margins drove all-time records for net income and EPS in spite of a very difficult macroeconomic environment,” said Luca Maestri, Apple’s CFO. “We generated operating cash flow of $27.5 billion during the quarter, and returned over $9 billion to investors through share repurchases and dividends. We have now completed $153 billion of our $200 billion capital return program.”
Unaudited summary data:
 When compared to the year-over-year, Apple earned $74.6 billion in total revenue, with 74.5 million iPhones, 21.4 million iPads, and 5.5 million Macs. So, overall, Apple saw similar sales when compared to the first quarter of 2015.

At the time of this post, APPL is [surprisingly] holding steady around the $100/share mark.

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