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April 29, 2015

Apple's impressive Q1,2015 sees 38% profit growth, with 70% of its revenue coming from iphones



iphone  contributes to 70% apple revenue
Apple's latest earning report for Q1,2015 shows "iPhone sales  have been growing at a ridiculous  high  rate , and iphones now accounts for around 70% or two-thirds of Apple's revenue. Macs continue to grow at a respectable rate. However apple's hold on iPads continue to weaken and take another sharp year-over-year tumble. Meanwhile apple grew its profit by over 38% and revenue by over 29% in Q1,2015  amidst notching up another impressive quarterly result.Apple broke quarterly records  in 2015, Q1 with $18 billion in profit and $74.6 billion in revenue, compared to $13.1 billion in profit and $57.6 billion in revenue in Q1 of 2014