The Cupertino-based tech giant Apple said it sold a whooping 61.1 million iPhones during the first three months of this year. iPhone sales are way up, and they account for over two-thirds of Apple's revenue.
In its second quarter earnings report today, Apple posted revenue of $58 billion and net quarterly profit of $13.6 billion, or $2.33 per diluted share, compared to revenue of $45.6 billion and net quarterly profit of $10.2 billion, or $1.66 per diluted share, in the year-ago quarter.
"We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever," Apple CEO Tim Cook wrote in the release. "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."
This quarter, Apple sold 61.1 million iPhones, 12.6 million iPads and 4.6 million Macs. Compared to Q2 2014, iPhone sales grew by 40% while iPad sales declined by 23%. Mac sales are up 10%.
In addition, the company is now sitting on $194 billion in cash and revenue for the quarter was up 27% from the same period the previous year.
International revenue now represents 69% of the company's total revenue. As expected, China continues to perform exceedingly well for Apple's CEO Tim Cook said that China's ever growing middle class has made the iPhone 6, one of the best selling smartphones in China. The iPhone 6 was launched last autumn in China with a much fanfare.