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Thanks to strong demand for the iPhone, Apple records yet another monster quarter

Thanks to strong demand for the iPhone, Apple records yet another monster quarter

Apple On The Street
April 27, 2015

It’s yet again another record quarter for Apple. Thanks to strong iPhone sales, Apple recorded $58 billion in revenue and $13.6 billion in profit during the second fiscal quarter of 2015 that ended on March 28.

Once again, the quarter was led by strong iPhone sales with 61.2 million handsets sold during the quarter.

And iPad sales continue to slump with 12.62 million tablets sold during the same time period.

Just to note, these sales figures don’t include the Apple Watch.

“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.”

Starting at 5 p.m. EDT, Apple will be discussing the results during a live conference call. You can listen to the call here. You’ll need an iPhone, iPod touch, or iPad running iOS 4.2 or above, any Mac running OS X 10.6.8 or above, or any PC running Quicktime 7 or later.

We’ll let you know if we hear any more news during the call.

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