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Another record breaking quarter for unstoppable tech giant Apple

Apple has enjoyed another record breaking quarter, selling over 60 million iphones in the first three months of 2015.

Recording a 40% year on year increase, the soaring sales earned the technology giant a colossal $13.57bn in revenue for the quarter, up 27% from $10.22bn last year.

However, whilst Mac sales increased 10% year over year to 4.56 million units, iPad sales were not as healthy. Reaching 12.6 million sales unit for the quarter means sales have actually decreased 23% since last year.

Nevertheless, the company which was recently valued at an enormous $1 trillion, enjoyed startling success in China. Revenue was up a massive 71% year over year, plus gross margins were 40.8%, compared to 39.3%in the same period a year ago.

In addition, Earnings per share were also up to $2.33, from $1.66 a year ago. Overall revenue also increased 27 percent to $58.01 billion, up from $45.65 billion a year ago.

Moreover, the company’s App Store also enjoyed a record performance which will please Apple ahead of the long anticipated Apple Watch coming to stores across the planet.

Tim Cook, Apple’s CEO, said: “We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever.

“We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles, and we’re off to an exciting start to the June quarter with the launch of Apple Watch.”

Luca Maestri, Apple’s CFO, said: “The tremendous customer demand for our products and services in the March quarter drove revenue growth of 27 percent and EPS growth of 40 percent. Cash flow from operations was also outstanding at $19.1 billion.”

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