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Apple is Officially King of Tech with Record-Breaking Revenue

We knew Apple was good, but nobody saw this coming. In the first quarter of 2015, Apple has reported record-breaking revenue.

For the December quarter, Apple generated $74.6 billion in sales. Pretty impressive. Especially when you realize that for all of 2014, Google generated $66 billion in sales. Yup, Apple earned more in one quarter than Google did all year!

That’s nuts! The reported $18 billion in profits tops the old record of $16 billion previously held by the Russian oil company GazProm.

If you’re wondering just how well Apple is doing, it currently has market cash of $178 billion. That’s enough to buy IBM. Actually Apple could buy Ford, GM, and Tesla and still have $41 billion left (source: Business Insider)

But it doesn’t stop there. Apple is not just sitting back and enjoying the phenomenal first quarter. Instead, here is Apple’s guidance the second quarter (Source: Apple.com):

  • revenue between $52 billion and $55 billion
  • gross margin between 38.5 percent and 39.5 percent
  • operating expenses between $5.4 billion and $5.5 billion
  • other income/(expense) of $350 million
  • tax rate of 26.3 percent

There is no sign of the Apple super train slowing down anytime soon. With the hype around the Apple watch, this is a company with a very bright 2015.

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Article Categories:
Finance · Grow Your Business · Technology · US & World

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