Apple Smashes Forecasts, Selling 74.5 Million iPhones In Q1

- Apple sold 74.5 million iPhones in the last three months of 2015, beating even the most rosy forecasts by analysts
- Net profit grew 38% to $18 billion on sales of $74.6 billion; EPS of $3.06, all beat expectations
- The Apple Watch will ship in April






- Sales in the Greater China region rose 70% to $16.1 billion
- Currency headwinds (strong dollar, FX flux in Russia and Japan) cut revenues by 4%
- Dark spot continues to be iPad: sales fell 22% to $9 billion, mirroring a wider contraction in the tablet market
- Average selling price of the iPhone rose $50, to $687
- Shares of Apple jump 5.4% to $109.14 in after-hours trading.

Source:
http://www.forbes.com/sites/parmyolson/2015/01/27/apple-smashes-forecasts-selling-74-5-million-iphones-in-q1/