iPhone sales were impressive, but Apple still faces challenges as iPad sales sag.
Apple announced financial results for its second fiscal quarter of 2014 on Wednesday, and the iPhone 5s and 5c came through in a big way. The company brought in $45.6 billion in revenue and posted a profit of $10.2 billion. It beat its year-ago quarter handily and set a new record for the January-to-March period in both revenue and profit. Apple managed to improve margins to 39.3%, saying that international sales were responsible for two of every three dollars earned. The company was mostly mum on new products.
Apple can thank the iPhone for its strong performance: The company sold 43.7 million iPhones. That number is down sequentially from 51 million during the holiday quarter, but up 17% from the year-ago period. One explanation for Apple's improved iPhone sales is its launch with China Mobile, the world's largest wireless network operator. Apple doesn't offer a breakdown of iPhone sales, but China was responsible for $9.3 billion of Apple's second-quarter revenue. That's an improvement both sequentially and year-over-year. The iPhone was responsible for $26 billion of Apple's $45.6 billion in revenue for the quarter. That's well more than half.
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