Apple on Monday announced its financial results for the second fiscal quarter of 2015. (Calendar Q1 of 2015.) Apple posted revenue of $58 billion, showing a net quarterly profit of $13.6 billion, or $2.33 per diluted share.
Revenue for the same quarter a year ago amounted to $45.6 billion and net quarterly profit of $10.2 billion, or $1.66 per diluted share.
Apple’s gross margin for the quarter was 40.8 percent, compared to 39.3 percent in the year-ago quarter. International sales accounted for 69 percent of revenue.
Apple declared an increased dividend payment of $0.52 per share, payable on May 14 to shareholders of record as of May 11. The company’s cash pile currently amounts to $193.5 billion in cash and securities.
The company will also once again expand its share repurchase efforts, increasing the authorization to $140 billion from $90 billion. Apple says it expects to spend over $200 billion in cash under its capital return program by the end of March 2017.
Sales of iPhones were up, selling 61.2 million units in the quarter, up from 43.7 million a year ago, setting a new March quarter record. Mac sales also shone, with 4.56 million units sold, up from 4.1 million of the same period one year ago. iPad sales results proved disappointing for the quarter, dropping precipitously, down to 12.6 million, sown from 16.35 million.
“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 guidance for fiscal Q3 of 2015 includes:
- 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
