Apple Earnings Report, The Great, The Good, The Bad (video)

Apple Earnings Report:

Affirmed Networks CEO Hassan Ahmed and Estimize CEO Leigh Drogen discuss Apple's second-quarter earnings with Bloomberg's Alix Steel and Cory Johnson on "Street Smart," April 27th.

Products discussed: iPhone, Apple Watch, MacBook, iPad

Principal domain name: apple.com

"We’re now halfway through fiscal 2015 and our year to date results have been simply staggering. We sold over 135 million iPhones, 34 million iPads, and 10 million Macs in the first six months of the year. Our revenue has grown by 28% to over $132 billion, net income has increased 36% to over $31 billion, and EPS has grown by 44%."--Apple's (AAPL) CEO Tim Cook on Q2 2015Results - Earnings Call Transcript | Seeking Alpha

Apple Earnings Report Summary (pdf)

Apple - Press Info - Apple Reports Record Second Quarter Results"April 27, 2015—Apple® today announced financial results for its fiscal 2015 second quarter ended March 28, 2015. The Company posted quarterly revenue of $58 billion and quarterly net profit of $13.6 billion, or $2.33 per diluted share. These results compare to revenue of $45.6 billion and net profit of $10.2 billion, or $1.66 per diluted share, in the year-ago quarter. Gross margin was 40.8 percent compared to 39.3 percent in the year-ago quarter. International sales accounted for 69 percent of the quarter’s revenue. The growth was fueled by record second quarter sales of iPhone® and Mac® and all-time record performance of the App Store℠..."

Apple is providing the following guidance for its fiscal 2015 third quarter:

revenue between $46 billion and $48 billion
gross margin between 38.5 percent and 39.5 percent
operating expenses between $5.65 billion and $5.75 billion
other income/(expense) of $350 million
tax rate of 26.3 percent

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