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Apple reveals record-breaking results for start of 2015

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Apple reveals record-breaking results for start of 2015

Apple has revealed its financial results for the three months from January to March. And once again they've given the Cupertino company carte blanche to brag about another record-breaking performance, with profits and iPhone sales soaring.

Apple made a net profit of $13.6 billion (£8.92 billion) on revenue of $58 billion (£38 billion) during the first quarter.

That compares to $10.2 billion (£6.7 billion) from $45.6 billion (£29.9 billion) in the same period last year.

iPhone sales jumped from 43.7 million to 61.2 million, a record for the first quarter of the calendar year and a sign that demand for Apple’s flagship device remains strong even after the holiday period.

In the last three months of 2014, with demand traditionally high as Christmas approached, Apple sold 74.5 million iPhones.

As a result of the latest boom, Apple has confirmed it is upping its share dividend payments, as well as expanding its capital repurchase programme, divesting itself of some of the billions it has in cash.

It wasn’t all good news, however. It now appears the iPad is on a true downward spiral, with sales sliding from 16.35 million in the 2014 quarter to 12.6 million in the first three months of this year.

Allied with a 21% drop in iPad sales in the last quarter of 2014, Apple’s slate seems to be in serious trouble.

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