Apple has announced its Q2 results via conference call – and it’s been a record breaker for growth and profit!
Here are the main bits from yesterday’s Apple conference call…
Apple records record profits
Apple has posted a record quarterly revenue of $58 billion and quarterly net profit of $13.6 billion, or $2.33 per diluted share.
These results compare to revenue of $45.6 billion and net profit of $10.2 billion, or $1.66 per diluted share, in the year-ago quarter. Gross margin was 40.8 percent compared to 39.3 percent in the year-ago quarter. International sales accounted for 69 percent of the quarter’s revenue.
The growth was fueled by record second quarter sales of iPhone and Mac and all-time record performance of the App Store.
Tim Cook, Apple CEO said: “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.”
“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.”
If you’ve got Quicktime, you can hear the whole conference call here.