Apple has reported its FY18 Q2 earnings, during this period, the company sold 52.2 million iPhones, 9.1 million iPads, and 4.1M Macs. In total, the company made $61.1 billion in revenue and $13.8 billion of profit. The revenue and earnings per share numbers were the best records for any second quarter in the company's history.
As a comparison, in the year-ago quarter, Apple posted revenue of $52.9 billion and net quarterly profit of $11.0 billion, or $2.10 per diluted share. When it comes to device sales, the U.S. tech-giant sold 50.8 million iPhones, 8.9 million iPads, and 4.2 million Macs from a year ago.
The earnings report has also highlighted an interesting tidbit that Apple announced an extension of its capital return program. Apple to buy $100 billion worth of its own stock. It will also increase the dividend by 16%. Once the dividend payments are in effect, the Cupertino firm is expected to pay $0.73 per share for AAPL investors on May 17.
Few other interesting stats are including the "Other Products" category brought in $3.95 billion in revenue in the second quarter, compared to $2.87 billion in the year-ago quarter. As for Service, it brought in $9.19 billion in revenue during the quarter, up from 31% of growth from a year ago.
“We’re thrilled to report our best March quarter ever, with strong revenue growth in iPhone, Services and Wearables,” said Tim Cook, Apple’s CEO. “Customers chose iPhone X more than any other iPhone each week in the March quarter, just as they did following its launch in the December quarter. We also grew revenue in all of our geographic segments, with over 20% growth in Greater China and Japan.”
The earnings report has also highlighted an interesting tidbit that Apple announced an extension of its capital return program. Apple to buy $100 billion worth of its own stock. It will also increase the dividend by 16%. Once the dividend payments are in effect, the Cupertino firm is expected to pay $0.73 per share for AAPL investors on May 17.
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