Apple last night announced financial results for its fiscal 2015 second quarter. Overall results include quarterly revenue of US$58 billion and quarterly net profit of US$13.6 billion, both of which are significant improvements over the same quarter a year ago. Apple attributes the improved results to “record second quarter sales of iPhone and Mac and all-time record performance of the App Store.”
Apple shipped a staggering 61.2 million Apple iPhone smartphones over the quarter. This is a 40% improvement over the same quarter a year ago. At the same time, the average sales price of an iPhone remained almost flat at US$658.53 thanks in large part to strong sales of the new and more expensive 64GB iPhone 6 and iPhone 6 Plus models. In Canada alone, iPhone sales jumped 80% year over year!
“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.”
Apple’s latest quarter ended on March 28th before the Apple Watch pre-orders began. The company did not provide any details about sales to date but confirmed that demand has outstripped supply. On the analyst call that followed the announcement, Apple CEO Time Cook confirmed that demand has outstripped supply. He expects that in-store sales could start in late June. He added that there are already 3500 apps for the Apple Watch.