Apple Crushes Earnings, Sovereign Funds Look to Xiaomi
Apple, the maker of many I-things, like the iPad, iPhone and iPod, delivered strong earnings. Apple’s revenue topped at US$ 74.6 billion and US$ 3.06 in earnings per share. 74.5 million iPhones were sold, up 46% compared to the previous year. Equity research analysts expected only 65 million iPhones to be sold. iPhone revenue was US$ 51.2 billion, being the largest contributor of company revenue. Furthermore, Greater China had significant revenue for Apple. On January 27th, Apple had its earnings call in which CEO Tim Cook said, “Apple has reported another historic quarter, demand for iPhone is ‘staggering.’ This volume is hard to comprehend.”
By analyzing company revenue growth, Apple’s biggest growth market is China. Apple will end up facing a rising Xiaomi.
Apple Inc – Q1 2015 Unaudited Data – Revenue in Millions USD
|Operating Segments||Q1, Y2015||Q4, Y2014||Q1, Y2014|
|Rest of APAC||5,227||2,136||3,929|
Across the Pacific, smartphone maker Xiaomi has analyzed its Western competitor Apple. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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