Apple blew away Wall Street expectations for its fiscal second quarter Tuesday by racking up $13.5 billion in revenue and net income of $3.07 billion with 8.75 million iPhones and 2.94 million Macs sold.
“The strong momentum we experienced in the holiday quarter continued in the March quarter,” CFO Peter Oppenheimer said in a conference call with investors. “As a result, we are reporting our best non-holiday quarter revenue and earnings ever, the highest quarterly iPhone sales ever, and a new record for Mac sales in the March quarter.”
New iPhone Anticipated
Apple said it recognized $5.45 billion in revenue from iPhone sales, accessory sales, and carrier payments during the quarter, up from $2.43 billion in the year-ago period. “The sales value of iPhones alone was about $5.3 billion, and dividing this by the 8.75 million units yields an average selling price of about $600,” Oppenheimer said.
Apple also noted that its iTunes Store delivered its best quarter ever with sales of $1.1 billion. Additionally, the company assured investors worried about Apple’s venerable iPod line by selling 10.9 million units, a mere one percent decline from the 11 million sold in the same quarter last year.
Apple’s international sales accounted for 58 percent of the quarter’s revenue — driven in major part by strong iPhone sales, which are carrying Apple’s brand abroad, observed Piper Jaffray analysts Gene Munster, Michael Olson and Andrew Murphy. Moreover, the financial analysts anticipate that Apple will soon introduce new iPhone hardware that will further drive handset sales globally in coming quarters.
“We continue to expect a new version of the iPhone to be released this summer — likely in the June quarter, given Apple’s indication of a coming product transition,” the analysts observed in a report released Wednesday. “Recent media reports also indicate that meaningful new features, like video…