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.
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%
And here are some comments on the numbers from Tim Cook and Apple CFO Luca Maestri:
“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.”
“We generated strong operating cash flow of $12.5 billion and returned over $10 billion to our investors in the March quarter,” said Luca Maestri, Apple’s CFO. “Given the strength of our business and our confidence in our future, we are happy to announce another $50 billion increase to our capital return program today.”
Apple will be starting its conference call shortly, so stay tuned for more highlights from their Q2 earnings.