Apple has reported revenue of $58 billion with a net profit of $13.6 billion in their earnings for the financial year Q2 2015 that ended March 28, 2015. Revenues were up 27% and earnings per share up 40% year-over-year. Apple sold 61.2 million iPhones, compared to 43.7 million over last year, representing 40% year-over-year growth, 12.6 million iPads, compared to 16.3 million year-over-year and 4.6 million Macs during the quarter.
Revenue from Greater China and rest of Asia Pacific segments were up in the quarter. Greater China hit all-time quarterly record for revenue, which grew 71% year over year, to $16.8 billion. Apple set new March quarter record for iPad sales in Japan, and an all-time record for iPad sales in China, but performance in other markets was more muted during the quarter.
Apple also announced that it is expanding its capital return program, the company’s program to return capital to shareholders to $200 billion through March of 2017. Apple said that it has taken action on over $112 billion of our $130 billion program, including $80 billion in share repurchases at an average price of $85.
Apple Watch demand is greater than supply currently, which will improve gradually. CEO Tim Cook said that the company is planning to expand Apple Watch sales to more countries in late June. He said that more than 3,500 apps are already available for Apple Watch.
App Store revenues were up 29% from a year earlier. Apple is continuing its retail store expansion in Greater China by adding six new stores in the past quarter alone, increasing the number of stores to 21 in 11 cities. It is on track to open 40 stores in Greater China by mid-2016. Apple expects $46 billion to $48 billion revenue for the financial year Q3 2015.