Apple Announces Q2 2017 Revenue of $52.9 Billion With 50.7m iPhones, 8.92m iPads, and 4.19m Macs

Apple on Tuesday reported its [fiscal] Q2 2017 earnings, offering a look at its performance over the last 3 months. During the period, the company sold 50.8 million iPhones, down slightly from the year-ago quarter, and made $52.9 billion, up 5% from last year. Here’s a full breakdown of the numbers.

“Apple today announced financial results for its fiscal 2017 second quarter ended April 1, 2017. The Company posted quarterly revenue of $52.9 billion and quarterly earnings per diluted share of $2.10. These results compare to revenue of $50.6 billion and earnings per diluted share of $1.90 in the year-ago quarter. International sales accounted for 65 percent of the quarter’s revenue.
Q2 2017 numbers compared to Q2 2016 figures:
  • Revenue: $52.9 billion versus $50.6 billion last year, up 5%
  • iPhones: 50.8 million versus 51.2 million last year, down 1%
  • iPads: 8.9 million versus 10.2 million last year, down 13%
  • Macs: 4.19 million versus 4 million last year, up 4%
As is par for the course, Apple’s CEO, Tim Cook, praised the strong quarter:
“We are proud to report a strong March quarter, with revenue growth accelerating from the December quarter and continued robust demand for iPhone 7 Plus,” said Tim Cook, Apple’s CEO. “We’ve seen great customer response to both models of the new iPhone 7 (PRODUCT)RED Special Edition and we’re thrilled with the strong momentum of our Services business, with our highest revenue ever for a 13-week quarter. Looking ahead, we are excited to welcome attendees from around the world to our annual Worldwide Developers Conference next month in San Jose.”
Finally, Apple is providing the following guidance for its fiscal 2017 third quarter:
  • revenue between $43.5 billion and $45.5 billion
  • gross margin between 37.5 percent and 38.5 percent
  • operating expenses between $6.6 billion and $6.7 billion
  • other income/(expense) of $450 million
  • tax rate of 25.5 percent
Apple will be starting its conference call shortly, so stay tuned for more highlights from their Q2 earnings.


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