Apple Beats In Q1 2015 With $74.6B Revenue, $18B Profit And $3.06 EPS

Apple has just released its fiscal Q1 2015 earnings, reporting $74.6 billion in revenue, $18 billion in net profit representing $3.06 per share. Compared to the year-ago quarter, it corresponds to a growth of 29.5 percent in revenue, and 47.8 percent in EPS (adjusted for the 7-for-1 split).

Fortune’s consensus among analysts was for Apple to report earnings of $2.68 per share on $68.71 billion in revenue, with both revenue and EPS exploding more than 19.3 percent and 29.3 percent respectively — this is an insane growth prediction. In particular, analysts expected iPhone sales to drive the company’s performance.

Apple’s own guidance from its last earnings release predicted between $63.5 billion and $66.5 billion billion in revenue, with gross margin between 37.5 percent and 38.5 percent percent. Apple’s guidance has been accurate for the past year and a half, with the upper end of the forecast very close to what it actually reported.

Image credit: Bryce Durbin

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