Apple reported record second quarter financial results, with total revenue of $111.2 billion, an increase of 17% year-over-year, and diluted earnings per share of $2.01, up 22% from the prior year. The company cited record March quarter performance for both iPhone and total revenue, with double-digit growth in every geographic segment.
Key Highlights
- iPhone revenue surged 22% year-over-year to a March quarter record of $57.0 billion, fueled by strong demand for the iPhone 17 lineup.
- The Services segment achieved a new all-time revenue record, growing 16% year-over-year to $31.0 billion.
- The board authorized an additional $100 billion for share repurchases and raised the quarterly dividend by 4% to $0.27 per share.