Apple reports $13.6 billion profit for second quarter

Apple on Monday posted revenue of $58 billion and quarterly net profit of $13.6 billion, for the company’s second fiscal quarter. These results compare to revenue of $45.6 billion and net profit of $10.2 billion in the year-ago quarter.

Apple said the growth was fueled by record second quarter sales of iPhone and Mac and all-time record performance of the App Store.

Apple sold 61.1 million iPhones, 12.6 million iPads and 4.5 million Macs in the quarter. That’s a 40% iPhone increase, 23% decline for iPads, and a 10% Mac increase over the same period last year.

“We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever,” said Tim Cook, Apple’s CEO. “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 closed at $132.65, up $2.37. In after-hours trading, Apple is at 135.78, up $3.10.