Home Gadget Bridge Ace Apple on a new high ends second quarter with excellent earnings

Apple on a new high ends second quarter with excellent earnings

Apple has announced their second quarter earnings for the fiscal 2015 with the quarter ending on March 28, 2015. The company did exceptionally well with the iPhone, Mac and App store sales in this quarter. As much as 27% jump was seen here when compared to same time last year.

The company did really well here and has 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.

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An area that has also accelerated total quarter revenues for Apple is international sales. These accounted for 69% of the quarter’s revenue. This just shows that Apple is doing a fabulous job in international waters as they expand further in to developing nations such as India.

“We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever,” said Tim Cook, Apple’s CEO. “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.”

Apple suggests that in the third quarter they will generate revenues between $46 billion and $48 billion.

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Sulabh Purihttps://www.gadgetbridge.com
Sulabh Puri is the Editor In Chief of GadgetBridge.com. A content specialist, he started his career young and it has been a rewarding 15 years for him. Before heading Gadget Bridge, he was the Editor of Times of India (TOI) Technology and GadgetsNow.com. He has also led TOI’s international edit arm as the Editorial Head of Business Insider India and Tech Radar India. He has also worked with various media houses such as the India Today Group and Cybermedia. He loves everything ‘gadgety’ and enjoys tinkering with new tech toys and automobiles. A graduate in commerce from Delhi University, he is also an adept graphic designer. When he is not working, he can be found in the kitchen, cooking mouth-watering chocolate cakes and croissants.

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