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Apple Reports Record 2nd Quarter Revenue of $58 Billion

Apple has recorded a revenue of $58 billion compared to $45.6 billion last year.

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Apple has always been an overachiever, and its results for the second quarter of the fiscal year 2015 just goes on to prove that.

The tech giant recorded a net profit of $13.6 billion compared to last year’s $10.2 billion. It also reported a revenue of $58 billion compared to $45.6 billion last year.

The growth was fuelled by record second quarter sales of iPhone and Mac and all-time record performance of the App Store.
— Apple Press Statement

However, it still wasn’t able to touch its record-breaking sales of 74.5 million iPhone devices in Q1. In comparison, approximately 61.2 million iPhones were sold in Q2.

According to Tim Cook, Apple’s CEO there has been a substantial increase in people who are switching to iOS from other platforms like Android.

Apple seems to be more hopeful about its next quarter results, with the release of the Apple Watch. The Watch has been billed as a major trendsetter in the wearable segment and has generated considerable buzz in the market.

As Tim Cook said, the pre-orders of the Watch have come from across the world and have been overwhelming.

Will The Watch add to Apple’s already trail blazing revenues next quarter? Or will it prove to be a damp squib?

Let us know in the comments below.

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