iPhones Ring Up Bullish Numbers For Apple's Q2
April 27, 2015 at 2:15 PM (PT)
APPLE exceeded WALL STREET expectations again by reporting Q2 2015 revenues of $58.1 billion, which enabled it to increase its dividend by 11% to $140 billion. That fueled APPLE shares to all-time highs.
The tech giant posted a 33% increase in quarterly profit on the back of skyrocketing iPHONE sales of 61.2 million, up 40%, as well as iPHONE sales revenue of $40.3 billion, up 55%. The biggest boom in iPHONE sales came from CHINA, which overtook EUROPE's business.
The iPHONE success overshadowed sales of 12.6M iPADS, generating $5.4 billion (down 29%, which didn’t meet expectations), and 4.6 million Macs, generating $5.6 billion (up 2%, which came close to expectations).