Apple has posted a staggering profit of $18bn for the first quarter of 2015, after sales of the iPhone 6 and iPhone 6 Plus drove revenues to $74.6bn for the period.
Revenue from the iPhone range hit $51.18bn for the first quarter, a huge 57 percent increase on the same period last year, and up 116 percent on the previous quarter.
Total iPhone sales reached 74.46 million during the period, a 46 percent increase on the same quarter last year and up 90 percent on Q4 2014. This underlines the huge demand for the firm’s new iPhone 6 and iPhone 6 Plus.
The rampant demand for iPhones helped overall revenues to rise 30 percent year on year and 77 percent on the previous quarter. Apple chief executive Tim Cook was understandably in a buoyant mood after the results.
"Demand for iPhone has been staggering, shattering our high expectations with sales of over 74 million units, driven by the unprecedented popularity of iPhone 6 and iPhone 6 Plus," he said during an earnings call.
"This volume is hard to comprehend. On average we sold over 34,000 iPhones every hour, 24 hours a day, every day of the quarter."
However, while iPhone sales smashed all previous records the iPad remains in freefall. Apple reported revenue from the iPad range of $8.98bn after selling 21.14 million units, a decrease of 22 percent on the same period last year.
There was some solace in iPad sales as revenue was up 69 percent on the previous quarter, no doubt helped by Christmas sales.
Meanwhile, the firm’s Mac line saw revenues increase to $6.94bn after sales of 5.52 million, an increase of 14 percent year on year.
Apple shares rose almost as high as $116 after the results were announced, as investors showed their appreciation with the firm's unrivalled success.
The results underline Apple's dominance in the smartphone market. The company has seen off the challenge of previous rival Samsung, which has had to report profit warnings in the past few months.
Cook also confirmed during the earning's call that the Apple Watch will ship in April, and that he himself uses it every day.
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