Apple reports record second quarter iPhone sales of 61.2 million, topping expectations

Apple reports record second quarter iPhone sales of 61.2 million, topping expectations
Apple topped Wall Street expectations by selling 61.2 million iPhone units for its fiscal second quarter. That set a record for the most iPhones sold by Apple during the January through March period. CEO Tim Cook said that the company is seeing more people than ever switching to the iPhone from other smartphone models . Apple reported a 40% gain in-year-over-year iPhone sales. On a sequential basis, Apple reported 18% fewer iPhone sales from its fiscal first quarter, which is usually the best three month period of the year for the smartphone in terms of sales. 

Apple has enjoyed a surge in iPhone sales thanks to the larger screen sizes on its two latest models. The Apple iPhone 6 features a 4.7-inch glass and the Apple iPhone 6 Plus comes with a 5.5-inch screen. CEO Cook says that 20% of the installed base of iPhone users has upgraded to the iPhone 6 or iPhone 6 Plus.

Apple iPad sales continued to slump. Apple sold 12.6 million units of its tablet, which was below expectations. The company started shipping its Apple Watch smartwatch on Friday. Talking about the Apple Watch, Cook says that the device has over 3500 apps available. "Customer response is close to 100% positive from what I've seen," says the executive."


The tech titan reported revenue of  $58.01 billion for its fiscal second quarter, nearly $2 billion above expectations. Net profit of $13.6 billion, or $2.33 a share for the quarter, topped estimates. For last year's fiscal second quarter, Apple 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 quarter, Apple increased its dividend by 11% and increased its share buyback authorization by $50 billion to reach $140 billion.

For the third fiscal quarter which runs from April through June, Apple expects to report $46 billion to $48 billion in revenue vs. Wall Street's expectations of $47 billion. After hours, Apple's shares are up $2.02 to $134.68.

source: WSJ via SeekingAlpha

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125 Comments

1. Tazer2365

Posts: 52; Member since: Jul 28, 2012

"Apple is doomed"... yeah right! It's getting better than ever! I love Apple products and can't wait to get my new Apple Watch tomorrow!

10. Mxyzptlk unregistered

Apple makes great products. There's no doom as long as there's a market for the best.

24. Neros

Posts: 1016; Member since: Dec 19, 2014

Like 70% of their profits come from iphone sells. I remember PA breaking apple revenue among different sections. Macs were sth around 1/10 of their total profit. It's crazy. This company became a cult after the release of the iphone. Back then no one wanted to buy their headphones or consoles. Apple was regarded as trash back then.

63. stealthd unregistered

Macs have been great since OS X came out. It was only in the 90's that you'd be crazy to buy a Mac. But it was the iPod and then the iPhone that turned them into one of the most valuable countries in the world.

106. seven7dust unregistered

nope first iMac stated the change and then the iPod made apple reborn , followed by the iPhone which turned them into the most valuable company. In the end it was the work of Steve Jobs that turned a company from going bankrupt to the most valuable company in the world. probably the biggest comeback in history.

91. AnTuTu

Posts: 1620; Member since: Oct 14, 2012

They not gonna stay there for a long time now. I can see something big coming down.

117. LiquidGalaxy

Posts: 332; Member since: Jul 03, 2013

Course you can...been saying that for long?

2. mrochester

Posts: 1018; Member since: Aug 17, 2014

It's a good time to be Apple and to be an Apple customer. They make s**t loads of money, and we get the best products on the market.

7. maherk

Posts: 6928; Member since: Feb 10, 2012

"we get the best products on the market" S6, Note 4, Z4, G3, M9, Nexus 6, Moto 360, LG Urban, Gear S, and the rest of android flagships and top notch products are laughing at your joke. Good one :D

34. darkkjedii

Posts: 31269; Member since: Feb 05, 2011

Go change your tamp.

38. maherk

Posts: 6928; Member since: Feb 10, 2012

Next time i ll make sure i get you a big thick bone, i am sick of your barking barkkjeddi.

73. darkkjedii

Posts: 31269; Member since: Feb 05, 2011

I'll, not "i ll". Capitalize your I. Those iCramps are really bothering you huh?

99. 99nights

Posts: 1152; Member since: Mar 10, 2015

More correcting grammer? It's your thing by now. Sorry every apple enthusiasts only come back.

118. LiquidGalaxy

Posts: 332; Member since: Jul 03, 2013

Why do Apple enthusiasts need a come back in this story? Or have you forgotten already the billions in profit mentioned above?

123. darkkjedii

Posts: 31269; Member since: Feb 05, 2011

Grammar.

42. gaming64 unregistered

You forgot to finish your sentence. I'll finish it for yo "We get the best products on the market but we get low sales because people don't give a sh@t about what these phones offer."

115. Cicero

Posts: 1136; Member since: Jan 22, 2014

Right you are. We are talking here about "fashion" product. I see alot of people owning am iPhone and using it only for calling, texting and facebooking. They don't even get more than 100MB of monthly data. Great job Apple did. For me this joke of iPhone can't be compared with a Android machine wich you can use like a pocket light pc. But it's about me. Hype, trend and image will always win.

47. Johnnokia

Posts: 1158; Member since: May 27, 2012

Selling numbers speak much louder than your weak statement

62. SamDH1

Posts: 419; Member since: Apr 21, 2015

Do they? Explain. Explain what high selling figures mean please? Let's have a little look at Beats headphones. The "Worst high end headphones you can buy". But wait, they sold millions upon millions? I see celebrities with them all the time! Well, they must be good, right!?

66. Johnnokia

Posts: 1158; Member since: May 27, 2012

Beats headphones are the best for sure

78. TheBiz

Posts: 232; Member since: Apr 13, 2015

no beats aren't the best headphones sennheiser makes way better headphones than beats , bose and steel series are also better than beats easy way Dr Dre gets to sell them is get some artists to wear them and yes its cool to have a headphone that celebrity wears so people buy

83. darkkjedii

Posts: 31269; Member since: Feb 05, 2011

You only hate Beats, cuz Apple owns em. Settle down Beavis, I feel your pain.

87. SamDH1

Posts: 419; Member since: Apr 21, 2015

Nope. Beat's have always been dreadful. I have my Shure in-ears, PSB over ears, and then some waterproof Seinnheisers for the gym, snowboarding, downhilling etc. I had Beats because everyone said "OMG they are amazing, buy some!", then I sold my Beats. That was also the day trust was lost for many friends. v.v

100. 99nights

Posts: 1152; Member since: Mar 10, 2015

I beg to differ, actual musician here. I spent 2 weeks every day testing out headphones and found the Dre pros to be the best(not for bass, I don't really listen to any dance or pop rap so I don't need heavy bass that drowns out everything else) Seinhesser are great too, don't get me wrong. The pros are just built better.

94. TheBiz

Posts: 232; Member since: Apr 13, 2015

no pain here try sennheiser abd youll forget beatz im sure

116. maherk

Posts: 6928; Member since: Feb 10, 2012

Because** them** ;D

64. stealthd unregistered

Oh look, a bunch of companies that wish they had Apple's sales. Who's really crying there?

110. mrochester

Posts: 1018; Member since: Aug 17, 2014

None of them run iOS, therefore they can't be the best products on the market ;). The joke laughs right back at ya.

132. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

No, Apple is laughing. Their iPad division generated more net income than all those combine.

25. Neros

Posts: 1016; Member since: Dec 19, 2014

Apple Watch is ugly, scratches easily, has a tiny battery, lags, and is expensive. Best, huh? So best that they couldn't put antena in the bezels of the ip6. Sorry, but you are brainwashed.

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