Apple announced financial results for the second quarter of the fiscal 2015, which ended on March 28. Thanks to strong iPhone and Mac sales, as well as record App Store performance, the Cupertino giant recorded its best Q2 with net profit of $13.6 billion from $58 billion of revenue.
The results handily trounce the $10.2 billion of profit and $45.6 billion of revenue from the same period a year ago. However, they are don’t quite match the results from the all-time best fiscal Q1 2015 and the 74.5 million iPhones sold (this quarter included the busy holiday shopping season).
Apple sold 61.2 million iPhones during the past quarter, while sales of iPad tablets and Mac computers were 12.6 million and 4.5 million units respectively. The company’s CEO Tim Cook pointed at “a higher rate of people switching to iPhone than we’ve experienced in previous cycles.”
Cupertino’s 40.8% gross margin beat the estimates for the quarter. The same goes for the company’s revenue.
Sales of the Apple iPad on the other hand, came in below expectations. Mac sales grew an annual basis.
Next quarter should be quite interesting for Apple, as it will include sales of the hot new Apple Watch, as well as the brand new 12” Retina Macbook. The company expects to post revenue between $46 billion and $48 billion in the upcoming fiscal Q3.
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The NSA is ecstatic.
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