Apple today announced financial results for its fiscal 2015 second quarter ended March 28, 2015. The Company posted 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.
Shorter version: iPhones are gangbuster, Macs are solid, iPads are flaccid.
Some key numbers:
- Revenue: $58 billion, an increase of 27% from Q214
- Profit: $13.6 billion, an increase of 33% from Q214
- iPhone units: 61 million, an increase of 40% from Q214
- iPhone ASP (average selling price): $658
- iPad units: 12.6 million, a decrease of 23% from Q214
- Mac units: 4.56 million, an increase of 11% from Q214
- Apple Services (iTunes, App Store, iCloud, etc.): $5 billion, an increase of 9% from Q214
- Apple Other (everything else and where Apple Watch will be next quarter): $1.7 billion, a 10% decrease from Q214
- Cash on hand: $194 billion
Interesting tidbit from Apple CEO Tim Cook on the conference call: only 20% of iPhone users have switched to the iPhone 6, in other words, there's still plenty of room to sell a lot more iPhones.
More of Tim on the conference call at Six Colors - “This is Tim: Apple’s CEO in his own words”.