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In a press release, the company announced that its net income for the quarter that ended on March 29 was $24.78 billion, or $1.65 per share, in contrast to $23.636 billion, or $1.53 per share, for the same period last year.
Revenue grew to $95.359 billion, up from $90.753 billion the previous year.
Specialists polled by FactSet had projected the company's earnings to average $1.62 per share, with revenue estimated at $94.5 billion.
The firm’s quarterly revenue from iPhone sales rose to $46.841 billion from $45.963 billion, whereas analysts had anticipated an increase to $46 billion.
Apple's revenue in China (encompassing Hong Kong and Taiwan) during the second fiscal quarter decreased to $16.002 billion, down from $16.372 billion. Revenue in the Americas rose to $40.315 billion from $37.273 billion, in Europe to $24.454 billion from $24.123 billion, and in Japan to $7.298 billion from $6.262 billion compared to the previous year.
Apple also revealed an extension of its share repurchase program by an extra $100 billion and a rise in its quarterly dividend to $0.26 per share. Twelve months prior, the declared buyback was valued at $110 billion, with dividends set at $0.25 per share.
source: marketwatch.com
Revenue grew to $95.359 billion, up from $90.753 billion the previous year.
Specialists polled by FactSet had projected the company's earnings to average $1.62 per share, with revenue estimated at $94.5 billion.
The firm’s quarterly revenue from iPhone sales rose to $46.841 billion from $45.963 billion, whereas analysts had anticipated an increase to $46 billion.
Apple's revenue in China (encompassing Hong Kong and Taiwan) during the second fiscal quarter decreased to $16.002 billion, down from $16.372 billion. Revenue in the Americas rose to $40.315 billion from $37.273 billion, in Europe to $24.454 billion from $24.123 billion, and in Japan to $7.298 billion from $6.262 billion compared to the previous year.
Apple also revealed an extension of its share repurchase program by an extra $100 billion and a rise in its quarterly dividend to $0.26 per share. Twelve months prior, the declared buyback was valued at $110 billion, with dividends set at $0.25 per share.
source: marketwatch.com
