Apple's quarterly financials are out, and once again, the company set records on multiple fronts. During the three-month period ended March 28, the iGiant made $13.6 billion in profit on revenue of $58 billion. Both of those figures are up substantially from the same quarter last year, buoyed largely by strong iPhone and international sales.
|Q2 2015||Q2 2014||Change|
|Revenue||$58.0 billion||$45.6 billion||up 27%|
|Operating income||$18.3 billion||$13.6 billion||up 34%|
|Net income||$13.6 billion||$10.2 billion||up 33%|
|Gross margin||40.8%||39.3%||up 1.5 points|
Macs and iPhones both set Q2 sales records, with Mac units rising 10% year-over-year and iPhones surging 55%. But iPad revenue fell 29% to $5.4 billion, slightly less than the Mac division took in for the quarter.
Although the press release doesn't provide a specific total, the App Store posted an "all-time record performance." That business unit is part of the larger Services division, whose revenue reached just shy of $5 billion. To put the various divisions into perspective, quarterly iPhone revenue hit $40.3 billion
More than two thirds of Apple's revenue came from international sources. China kicked in $16.8 billion, an impressive 71% increase over the same quarter last year. Revenue from Japan slumped 15%, but the rest of the regions enjoyed double-digit growth—including a 48% uptick for the remaining Asia-Pacific countries.
For the next quarter, Apple estimates revenue in the $46-48 billion range, which would represent a 20% year-over-year increase. Gross margin is pegged in the 38.5-39.5% range, neatly bracketing the margin from Q2'14.