Apple just reported its second quarter earnings for 2015, beating analyst estimates with $58 billion in revenue. The Cupertino company sold 61.2 million iPhones and boasted an earnings per share (EPS) of $2.33.
The company was expected to announce $56.03 billion in revenue, and Wall Street predicted just 58.1 million iPhones would be sold in Q2. However, Mac sales only hit 4.56 million units (compared to an estimated 4.7 million), and iPad sales dropped to 12.62 million despite predictions the company would hold on at 13.6 million units sold.
Apple didn’t reveal how many copies of the Apple Watch were sold in Q2, but Cook seems optimistic. “We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles,” he said. “and we’re off to an exciting start to the June quarter with the launch of Apple Watch.” The “other products” category brought in a total of $1.7 million in revenue.
Cupertino still makes the most money in the Americas, with $21 billion in Q2. However, China is catching up fast at $16.8 billion this quarter.
Finally, the company announced that it plans to return $200 billion to its shareholders through a new capital return program.
Apple stock is up roughly two points in after hours trading.