Shareholders' fears did not come true - Apple reported the best 2nd quarter in the company's history

Few companies can shake up the financial markets like Apple. All last week, the company's shares were on a swing due to the fact that it was not known what economic results Apple would announce. Most analysts were skeptical, so the stock as such fell relatively low. As it turned out last night, the fears were misplaced as Apple reported its best Q2 in company history.

Apple representatives, led by Tim Cook, published the results for the 2nd fiscal quarter (that is, for the period January-March) in a conference call with shareholders yesterday. Despite the negative expectations, the results surprised and Apple performed very well in the first three months of this year. The company reported revenue of $61,1 billion with net income of $13,8 billion, or $2,73 per share. In all cases, these are record values, and Apple did much better than initial signals indicated.

The only thing that fell slightly was the gross margin level, which fell from 38,9% to 38,3% year-on-year. Even so, Apple made more money than in the same period a year ago. The company's representatives further announced that up to 65% of all revenue is made up of sales from abroad (outside the US) and that they are raising the level of dividends per share, from $0,63 to $0,73. So if you have any Apple shares, they will earn you more than before. Apple representatives also announced that they are going to buy back the company's shares for 100 billion dollars over the next few years.

As for the distribution of sales of individual products, Apple sold 52,2 million iPhones for this quarter (a year-on-year increase of 1,4 million), 9,1 million iPads (+200 thousand devices) and 4,1 million Macs (in this case a decrease by 100 thousand pieces). iPhone X should have been the best-selling iPhone of the offered models, at least according to Tim Cook. Over the next few hours we will look at a more detailed analysis of what was announced last night. If you are interested in this information, don't forget to follow Jablíčkár.

Source: Macrumors