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Apple Announces Q2 2017 Revenue of $52.9 Billion With 50.7m iPhones, 8.92m iPads, and 4.19m Macs

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Apple Announces Q2 2017 Revenue of $52.9 Billion With 50.7m iPhones, 8.92m iPads, and 4.19m Macs

Apple on Tuesday reported its [fiscal] Q2 2017 profits, providing a take a look at its efficiency during the last 3 months. All through the duration, the corporate bought 50.8 million iPhones, down fairly from the year-ago quarter, and made $52.9 billion, up 5% from ultimate yr. Right here’s a complete breakdown of the numbers.

“Apple these days introduced monetary effects for its fiscal 2017 2d quarter ended April 1, 2017. The Corporate posted quarterly income of $52.9 billion and quarterly profits consistent with diluted percentage of $2.10. Those effects examine to income of $50.6 billion and profits in keeping with diluted percentage of $1.90 within the year-ago quarter. Global gross sales accounted for 65 % of the quarter’s income.
Q2 2017 numbers in comparison to Q2 2016 figures:
  • Revenue: $52.9 billion as opposed to $50.6 billion final yr, up 5%
  • iPhones: 50.8 million as opposed to 51.2 million remaining yr, down 1%
  • iPads: 8.9 million as opposed to 10.2 million ultimate yr, down 13%
  • Macs: 4.19 million as opposed to 4 million remaining yr, up 4%
As is par for the path, Apple’s CEO, Tim Prepare dinner, praised the robust quarter:
“We're proud to document a robust March quarter, with income expansion accelerating from the December quarter and persisted tough call for for iPhone 7 Plus,” stated Tim Prepare dinner, Apple’s CEO. “We’ve noticed nice buyer reaction to each fashions of the brand new iPhone 7 (PRODUCT)RED Particular Version and we’re extremely joyful with the robust momentum of our Products and services industry, with our absolute best income ever for a 13-week quarter. Taking a look forward, we're excited to welcome attendees from around the globe to our annual International Builders Convention subsequent month in San Jose.”
In spite of everything, Apple is offering the next steerage for its fiscal 2017 3rd quarter:
  • income between $43.5 billion and $45.5 billion
  • gross margin between 37.5 % and 38.5 %
  • running bills between $6.6 billion and $6.7 billion
  • different source of revenue/(expense) of $450 million
  • tax fee of 25.5 %
Apple will probably be beginning its convention name in a while, so keep tuned for extra highlights from their Q2 profits.
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