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Apple Crushed Earnings Estimates, Sold 61.2 Million iPhones

Apple (AAPL) reported financial results for its fiscal second quarter after the closing bell on Monday.
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Apple (AAPL) reported financial results for its fiscal second quarter after the closing bell on Monday. Earnings per share came in at $2.33, compared to estimates of $2.16. As for revenue, the tech giant posted sales of $58 billion, ahead of the $56.06 billion Wall Street was looking for. Apple sold 61.2 million iPhones, 12.6 million iPads and 4.6 million Macs. Apple CEO Tim Cook said: '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 raised its dividend by 11% to 52 cents per share. Shares of Apple are trading at $132.40 per share and are up 20% since the start of the year.

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