Apple Posts $59B In Revenue, Beats Wall Street's Forecast

Apple recently posted $59B in revenue and net profit of $13.6B in Q2. The company globally sold 61.2 million iPhones and 12.6 million iPads and 4.6 million Macs in Q2.

Apple's global revenue continued to climb in its fiscal 2015 second quarter, reaching $58 billion, a 27 percent jump from $45.6 billion in the same period last year, while net profit in this interval rose 33 percent to $13.6 billion from $10.2 billion.

"We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever," Tim Cook, Apple CEO, said in a statement. "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."

In China, the company posted a new record of $16.8 billion in sales, which is up 4.2 percent from the $16.1 billion in the first quarter.

"All around the world, we've seen the excitement on social networks as people start to use their Apple Watches," Cook said during the company's financial call with analysts. "Reaction has been overwhelmingly positive. We can't wait to see more of the inspiring apps that developers dream up for the Apple Watch as we head toward the Worldwide Developers Conference 6 weeks from now."

Based on the second-quarter results the company hopes to rake in $46 billion to $48 billion in revenue in the third fiscal quarter. Notably for the second quarter, the company had expected revenue of $52 billion to $55 billion, which it exceeded.