iPhone, Mac fuel Apple Q2 FY 2015 revenue to grow 27% to $58 bn

Apple Q2 2015

Apple today said iPhone and Mac fuelled its revenue to grow 27.08 percent to $58 billion in Q2 FY 2015, while net income rose 32.73 percent to $13.6 billion.
Tim Cook, Apple’s CEO, said: “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 is expecting revenue between $46 billion and $48 billion in its fiscal 2015 third quarter.
The device maker shipped 61.17 million units of Apple iPhone in Q2 FY 2015 against 74.46 million in Q1 FY 2015 and 43.72 million in Q2 FY 2014.
Sale of Apple iPad fell to 12.6 million in Q2 FY 2015 against 21.41 million in Q1 FY 2015 and 16.35 million in Q2 FY 2014.
Apple said sale of Mac dropped to 4.6 million in Q2 FY 2015 from 5.52 million in Q1 FY 2015 and 4.2 million in Q2 FY 2014.
Revenue of Apple from Americas fell to $21.32 billion in Q2 FY 2015 against $30.56 billion in Q1 FY 2015 and $17.98 billion in Q2 FY 2014.
Apple revenue from China increased marginally to $16.82 billion in Q2 FY 2015 from $16.14 billion in Q1 FY 2015.

Apple Q2 2015
Apple in China
Luca Maestri – SVP and CFO, Apple, said: “Our performance was particularly impressive in Greater China and rest of Asia Pacific segments. In Greater China, we established an all-time quarterly record for revenue, which grew 71 percent year over year to $16.8 billion.”
“We’re progressing well with our plans for retail store expansion in Greater China, where we added six new stores in the past quarter alone, bringing to 21 stores in 11 cities. We’re on track to have 40 stores open in Greater China by the middle of next year,” Maestri said.
The online store will be expanding from around 319 cities to where they can hit two day delivery to 365 cities. Apple will be adding about 50 new cities by the end of this quarter.
Apple said Rest of Asia Pacific revenue declined to $4.21 billion in Q2 FY 2015 from $5.2 billion in Q1 FY 2015, but increased from $2.8 billion in Q2 FY 2014.
Loizos Heracleous, professor of Strategy, Warwick Business School, said: “Revenues from the App Store and Mac are important contributors to its performance. Apple can sustain premium pricing for the iPhone and other offerings because of its ecosystem of products and services that also create barriers to exit for customers.”
Baburajan K
[email protected]