iPhone and international sales drive record Apple results

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.

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