The growth was fueled by record second quarter sales of iPhone® and Mac® and all-time record performance of the App Store.
“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.”
Apple is providing the following guidance for its fiscal 2015 third quarter:
● revenue between $46 billion and $48 billion
● gross margin between 38.5 percent and 39.5 percent
● operating expenses between $5.65 billion and $5.75 billion
● other income/(expense) of $350 million
● tax rate of 26.3 percent
Apple's quarterly earnings call is about to begin. You can listen in here!
Please follow iClarified on Twitter, Facebook, Google+, or RSS for updates.