logo
Share SHARE
FONT-SIZE Plus   Neg

Apple Q2 Profit Rises - Quick Facts

Apple Inc. (AAPL) posted second-quarter net profit of $11.62 billion or $12.30 per share, up from $5.99 billion or $6.40 per share in the year-ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $10.06 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenue rose to $39.2 billion from $24.7 billion in the same quarter last year. Forty three analysts had consensus revenue estimate of $36.81 billion for the quarter.

The company said that it sold 35.1 million iPhones in the quarter, representing 88 percent unit growth over the year-ago quarter.

Apple sold 11.8 million iPads during the quarter, a 151 percent unit increase over the year-ago quarter. The Company sold 4 million Macs during the quarter, a 7 percent unit increase over the year-ago quarter. Apple sold 7.7 million iPods, a 15 percent unit decline from the year-ago quarter.

Looking ahead to the third fiscal quarter, the company expect revenue of about $34 billion and earnings per share of about $8.68. Analysts expect the company to report earnings of $9.93 per share on revenues of $37.40 billion for the third-quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
RELATED NEWS
Trade AAPL now with 
Follow RTT