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Thread: Apple Beats Analysts' Expectations with Strong Fiscal Q2 Earnings

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    What's Jailbreak? Michael Essany's Avatar
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    Default Apple Beats Analysts' Expectations with Strong Fiscal Q2 Earnings

    Apple did it again.

    Fueled by a stellar performance of iPhone, Mac, and App Store sales, Apple had a phenomenal first three months of 2015.

    All told, Apple posted quarterly revenue of $58 billion (quarterly net profit of $13.6 billion). Apple's earnings of $2.33 per share beat estimates pegged at $2.16 a share on $56 billion in revenue.

    For the quarter, Apple sold 61.2 million iPhones (57.26 million were expected to have been sold). The company also sold 12.6 million iPads, which is less than the 13.94 million projected.

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

    MMi will have more news and details following Apple's earnings call.

    Source: Apple

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