Hi! Thanks for reading. This post looks better in our award-winning app, Tips & Tricks for iPhone.
Apple has released its second quarter 2015 sales results, and the figures are pretty gargantuan.
Quarterly revenue of $58 billion and net profit of $13.6 billion made for record Q2 sales figures – and that’s not even taking into account the impressive Apple Watch sales, made after the fiscal quarter ended on March 28.
According to Reuters, iPhone sales were particularly strong during this period, with 61.2 million handsets flying off the shelves. iPad sales on the other hand, while still impressive, have suffered a dip in form. Just the 12.62 million of those sold then – down 23% from last year.
CEO Tim Cook said he was “thrilled” by the figures and noted that “we’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles”.
Part of this success is due to the huge growth Apple has seen in Chinese markets – accounting for more iPhone sales than the US last quarter. Five new Apple Stores have opened for business in China recently, and the market is booming with revenue up 71%.
Apple also saw an all-time record performance from the App Store, and are of course off to a good start in the current quarter with the Apple Watch selling out almost immediately.
Apple anticipate revenue of $46 billion to $48 billion in the next fiscal quarter. Looks like it’s well on it’s way to that potential trillion dollar valuation then.