Apple reported its second quarter 2015 financial results today, selling 61.1 million iPhones and 12.6 million iPads. The company posted quarterly revenue of $58 billion and quarterly net profit of $13.6 billion, or $2.33 per diluted share. In Q2 2014, Apple had revenue of $45.6 billion and net profit of $10.2 billion, or $1.66 per diluted share. Gross margin was 40.8 percent compared to 39.3 percent a year ago. International sales contributed to 69 percent of this quarter’s revenue.
For Q2 2015, Apple is providing guidance of revenue between $46 billion and $48 billion, and gross margin between 38.5 percent and 39.5 percent. Apple’s earnings call will begin at 5 p.m. Eastern Time, and can be heard live on the company’s investor website.
“We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever,” Apple CEO Tim Cook said in a statement. “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.”
“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,” said Luca Maestri, Apple’s CFO. “Cash flow from operations was also outstanding at $19.1 billion.”