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The 5 most important takeaways from Apple’s Q2 earnings report


Apple stunned Wall Street on Wednesday when it posted fiscal second-quarter earnings that absolutely crushed analysts’ estimates. The company reported a net profit of $10.2 billion — a second-quarter record — thanks to surprisingly strong iPhone sales, and revenue in the quarter totaled $45.6 billion. Apple also had a pair of huge announcements related to its stock, and plenty more that it covered. Here are the five most important takeaways from Wednesday’s report: iPhone is still a beast Industry watchers were a bit worried going into Apple’s earnings report that iPhone sales might have slowed since anticipation for the bigger iPhone 6 and iPhone phablet is so huge. Not even close. Analysts were expecting Apple to sell 37.7 million iPhones in the March quarter.

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