Apple earns $10.2 billion in Q2 2014; iPhone sales in India up by 55 percent
Considering the low-profile start to the year 2014, reports were expecting fall in revenues for Apple, but the company seems to have steered clear with satisfactory results.
Apple has announced its financial results for Q2 2014 and is said to have earned $10.2 billion in this quarter despite having no significant launches or releases. The total revenue of the company for this quarter was $45.6 billion, which is way higher than the predicted $42 billion. The company is said to have sold 43.7 million iPhones, 16.3 million iPads in this quarter.
Interestingly, the company also announced that its sales in India have grown drastically in the last quarter. There was a 55 percent growth in the sales of iPhone in the country during the last quarter. This is mainly attributed to the buyback schemes, EMI schemes and other offers provided with the iPhones.
Speaking about the results, Tim Cook, CEO, Apple, said, “We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services. We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”