Apple announced financial results for its fiscal 2015 second quarter, beating analysts’ expectations.
The Company posted quarterly revenue of $58 billion and quarterly net profit of $13.6 billion, or $2.33 per diluted share compared to analysts expectations of $2.16 a share and $56.08 billion in revenue
These results compare to the same period last year with revenue of $45.6 billion and net profit of $10.2 billion, or $1.66 per diluted share.
The growth was fueled by record second quarter sales of iPhone and Mac and all-time record performance of the App Store.
The average selling price of an iPhone during the latest quarter reached $659, more than $60 increase compared with last year.
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.
Apple also said it sold 12.62 million iPads, compared to expectations of 13.94 million. Mac units came in at 4.6 million compared to an estimate of 4.64 million.
Apple shares rose 1.3%, to $134.40, in after-hours trading. In afternoon trading on the Nasdaq Stock Market, Apple shares rose $2.37, or 1.8%, to $132.65.
