Apple rides the iPhone, Mac gravy train in Q2 earnings

Apple's typically quiet second quarter got a welcome boost from iPhone 6 sales.

This quarter is all about the iPhone (Image: CNET/CBS Interactive)

Apple's few months after the December holiday sales period is typically a quiet one. Not so much this time around.

The Cupertino, Calif.-based technology giant reported Monday fiscal second-quarter profit of $13.6 billion on earnings of $2.33 per share (statement). Revenue for the quarter was $58 billion.

Apple beat both sets of Wall Street expectations: analysts wanted $2.16 per share on revenues of $56.06 billion.

By the numbers (average professional analyst estimates are compiled by Fortune):

  • iPhones: 61.17 million sold, up from 43.7 million from the same period a year ago. Analysts were expecting 55.7 million this quarter.

  • iPads: 12.62 million sold, down from 16.3 million from the same period a year ago. Analysts were expecting 14.2 million this quarter.

  • Macs: 4.56 million sold, up from 4.14 million from the same period a year ago. Analysts were expecting 4.7 million this quarter.

  • Services (inc. iTunes, Apple Pay): $4.99 billion in revenue, up from $4.57 billion from the same period a year ago.

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Apple said its gross margin 40.8 percent. Wall Street was expecting 39.7 percent.

International sales accounted for 69 percent of the company's revenue.

In prepared remarks, chief executive Tim Cook said the company's quarter was powered in part by "continued strength" of the iPhone, Mac, and its various app stores.

He added: "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."

Apple also issued a cash dividend of 51 cents per share, payable mid-May. It's part of Apple's $200 billion capital return program, which the company announced alongside earnings.

For Apple's fiscal third quarter, the company expects revenue landing between $46 billion and $48 billion, with gross margin landing between 38.5 percent and 39.5 percent.

Wall Street is expecting earnings of $1.68 per share on revenues of $47.06 billion.

Shares in Apple ($AAPL) closed up 1.7 percent on the Nasdaq in New York. In after-hours trading, shares were up 2 percent.