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Apple made $10 billion in profit, but no thanks to Watch

Tim Cook’s tech giant just keeps on rolling in the cash, and the first quarter of the year was no different. Late last night Apple released its earnings summary for the second quarter of the year – and to no surprise the iPhone was the bigger winner.

While somewhat less iPhones were sold compared to the previous quarter, it still managed to account for $31 billion of Apple’s $49 billion revenue, of which $10.7 billion was profit.

Oh, and in case you were wondering 47 million iPhones were sold in the quarter.

Apple Watch, according to the summary statement, is grouped together with iPods and the like in the category ‘Other Products’, but Chief Financial Officer Luca Maestri said that the Watch made at least a billion dollars for Apple. As for exact sales numbers for the Watch, Apple isn’t telling (just yet).

iPads, once the darling of Apple’s stable, is the second lowest scoring product, pulling in only $4.5 billion with just over 10 million units sold.

Macs accounted for $6 billion in revenue with 4.7 million units sold, and services llike iTunes, AppleCare and Apple Pay brought in $5 billion.

“We had an amazing quarter, with iPhone revenue up 59 percent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch,” said Tim Cook, Apple’s CEO. “The excitement for Apple Music has been incredible, and we’re looking forward to releasing iOS 9, OS X El Capitan and watchOS 2 to customers in the fall.”

[Source – Apple]

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