Apple reports record second quarter iPhone sales of 61.2 million

4/28/2015 , , , 0 Comments

Apple today announced it's second quarter iPhone sales, by selling 61.2 million iPhones Apple's sales topped Wall Street expectation. And set a record of selling most iPhones during the January to March period. The company's C.E.O Tim Cook said that Apple is seeing more than ever people switching to the iPhone from other leading smartphones. Apple also reported 40% gain in-year-over-year iPhone sales. On a sequential basis, Apple reported 18% fewer iPhone sales from its first quarter.

"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."-Tim Cook, CEO, Apple

 While the Apple iPad sales were below expectations, Apple sold 12.9 million iPads during the second quarter. Apple is seeing huge improvement in sales due to larger screen size on two of it's iPhone models. Talking about the Apple watch, Apple released the Apple Watch on Friday. The company's C.E.O Tim Cook says that there are over 3500 apps available to download for the Apple Watch, which is quite impressive. 

 Apple reported revenue of  $58.01 billion for its second quarter, approximately $2 billion above expected numbers. Net profit of $13.6 billion, or  $2.33 per diluted share, which alos topped the expectations. For last year's second quarter, the company reported $45.6 billion in revenue and $10.2 billion in earnings, which worked out to $1.66 per share. Gross margins rose to 40.8% in the period vs. 39.3% a year earlier. During the second quarter, Apple increased its dividend by 11% and also increased its share buyback authorization by $50 billion to reach $140 billion.

Apple is expecting to report $46 billion to $48 billion in revenue vs. Wall Street's expectations of $47 billion for third quarter which starts from April to June.

 source: WSJ

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An aspiring web developer with particular interest in Apple products .

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