Apple’s Q2 2015 – iPhone Grows, iPad Slows, Revenue Surprises

Apple’s Q2 2015 continued a set of themes that have come to define the company recently. Once again, records were set, particularly with respect to Q2 revenue. Earnings per share beat expectations, $2.33 vs. $2.17 expected. Revenue was $58.01 billion, compared to an expected $56.06 billion. Gross margins impressed, growing to 40.8% compared to 39.3% a year ago. Apple ended the quarter with a cash hoard of $194 billion, as expected.

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