Apple Dazzles Wall Street with Mobile Device Sales, App Store Growth Yet Again

Apple wowed Wall Street on Monday in its fiscal Q2 earnings report. Beating analyst expectations by sizable margins, Apple posted quarterly revenue of $58 billion and quarterly net profit of $13.6 billion — $2.33 per diluted share. Just how much did Apple’s growth expand year-over-year in the same quarter? These results compare to revenue of …   Read More

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Apple Dazzles Wall Street with Mobile Device Sales, App Store Growth Yet AgainApple wowed Wall Street on Monday in its fiscal Q2 earnings report.

Beating analyst expectations by sizable margins, Apple posted quarterly revenue of $58 billion and quarterly net profit of $13.6 billion — $2.33 per diluted share.

Just how much did Apple’s growth expand year-over-year in the same quarter?

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.

Apple sold north of 60 million iPhones last quarter and more than 12 million iPads.

“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.”

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