Ondrej Holzman Apple reported revenue of $2017 billion in the second fiscal quarter of 52,9, representing 4,5 percent year-over-year growth. The profit was 11 billion dollars. Everyone was especially curious about how the iPhones would do, they were sold practically the same as a year ago, almost 51 million.
"We are proud to report a strong March quarter, revenue growth from the December quarter and continued strong demand for the iPhone 7 Plus," Apple CEO Tim Cook said of the company's financial results. Although iPhones recorded a one percent year-on-year drop, this should not be a big problem for the Californian giant. In addition, he earned at least one percent more from them.
Considering that the new model, which is expected in the fall, should probably make a significant difference in iPhone sales, it is now more interesting to watch the rocket growth of services, among which Apple includes all digital content and services (App Store, etc.), as well as AppleCare, Apple Pay and more.
"We're excited about the strong position of our services, which has the largest revenue in a 13-week quarter ever," Tim Cook said, noting that the previous quarter had a week longer than usual. At the same time, services in Q2 2017 generated only $130 million less revenue than in Q1 (7,17 vs. 7,04 billion).
Mac computers sold 4,2 million units, up four percent from last year. On the other hand, iPads report another drop, and again a double-digit drop. Less than 9 million units sold represent a 13% year-on-year drop. When it comes to the share of individual products in Apple's revenue, the iPhone holds almost two-quarters of the pie (63%). From the point of view of regions, in Q2 2017, Apple fell year-on-year again only in China, while it grew in the rest of the world.
Apple still doesn't provide details on sales of the Watch or wireless AirPods, but the "Other Products" category, which includes both devices, grew by a significant 31% year-over-year. In a conference call, Tim Cook revealed at least that Apple Watch sales are double compared to last year (estimate is 3,2 million units), and that this entire category, including Beats products, has grossed as much as Fortune 500 companies over the past year.
At the same time, Apple's board of directors approved an increase in the program to return capital to shareholders by $50 billion and its extension for another four quarters, which means that Apple should spend a total of $2019 billion on this activity by the end of March 300.
Apple is currently worth $256,8 billion. That is more than a quarter of a trillion dollars, i.e. 6,3 trillion crowns. ?
— Jablíčkář.cz (@Jablickar) May 2, 2017
