Date: Tuesday, April 28th, 2015, 07:10
Category: Finance, News
You can’t knock a US$13.6 billion quarterly profit.
Over the course of the second quarter, Apple cleared a US$14.6 billion profit from US$58 billion in revenue, beating analyst expectations as well as its own in the process. The revenues were up from US$45.6 billion in the second quarter of 2014.
Apple managed to sell 61.2 million iPhones in the quarter ending March 28, which also happened to be the second biggest quarter for iPhone sales ever. Analysts expected Apple to sell 58.1 million iPhones, 13.6 million iPads, and 4.7 million Macs, according to predictions. The company slipped on iPad and Mac sales with 12.6 million and 4.6 million sold, respectively. The company sold 21.4 million iPads last quarter and 16.3 million in Q2 of last year; and sold 5.5 million Macs last quarter and 4.1 million in the second quarter of last year.
Apple’s success in China is contributing to the company’s strong financial showing this year. While revenue in the Americas, Europe, Japan, and the rest of Asia Pacific fell from Apple’s gangbusters first quarter, revenue in China grew from $16.1 million to $16.8 million. Revenue in China jumped 71 percent year-over-year. International sales contributed 69 percent of the company’s Q2 revenue.