Monday, April 27, 2015

Apple Earns 69% of Revenue from iPhones

If you ever wondered why “Apple Computer” is now simply “Apple,” it is because Apple is a mobile phone company, not a “computer” company. The Apple iPhone, in Apple’s second quarter of 2015, represented 69 percent of total revenue.

Apple had quarterly revenue of $58 billion and quarterly net profit of $13.6 billion in its most-recent quarter, up from revenue of $45.6 billion and net profit of $10.2 billion year over year.

Gross margin was 40.8 percent compared to 39.3 percent in the year-ago quarter and international sales accounted for 69 percent of the quarter’s revenue.

For the next quarter, Apple predicts its fiscal 2015 third quarter will feature

revenue between $46 billion and $48 billion.

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